Crius Energy Trust Completes $100 Million Initial Public Offering
Crius Energy Trust (KWH-UN.TO) has completed its initial public offering of 10 million trust units priced at $10 per unit for total gross proceeds of $100 million.
The majority of the net proceeds of the offering will be used, indirectly, to purchase an approximate 26.8% interest in Crius Energy, LLC, a retail energy marketer in the USA.
Crius Energy Trust has been established to provide investors with a stable and consistent distribution-producing investment through the acquisition of an ownership interest in Crius Energy, LLC.
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