Fraud Warning: It has come to our attention that various international organizations or individuals have been offering false employment opportunities at Aecon Group Inc. These individuals will offer to fast track Canadian working visa applications in exchange for a payment. Such offers are fraudulent and intended to steal from the victims.

Aecon Group Inc. employment policies and processes in Canada involve personal interviews, and candidates who seek employment with us are never required to pay us any sum of money. To do so would be contrary to our business conduct guidelines and ethical practices. We take this matter extremely seriously and are working with the appropriate legal authorities to shut down such fraudulent schemes. Read more here
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Aecon agrees to sell Contract Mining business to North American Construction Group

Toronto, Ontario – October 3, 2018: Aecon Group Inc. (TSX: ARE) announced today that it has entered into a definitive asset purchase agreement with North American Construction Group Inc. ("NACG") (TSX: NOA/NYSE: NOA) under which Aecon has agreed to sell to NACG substantially all of the assets related to Aecon's Contract Mining business for $199.1 million in cash.   

Posted 3 October 2018 0 comments 0 recommendations

Aecon awarded pipeline construction contract by TransCanada for Coastal GasLink Pipeline project in British Columbia

Toronto, Ontario – October 2, 2018: Aecon Group Inc. (TSX: ARE) announced today that SA Energy Group, a 50/50 joint venture between Aecon and Robert B. Somerville Co. Ltd., has been awarded a $526 million contract by TransCanada Corporation, for Spreads 3 and 4 of the Coastal GasLink Pipeline project in British Columbia.

Posted 2 October 2018 0 comments 0 recommendations

Aecon announces closing of the over-allotment option associated with its recently completed public offering of convertible debentures

Toronto, Ontario – October 1, 2018 /CNW/: Aecon Group Inc. (“Aecon” or the “Company”) (TSX: ARE) today announced that it successfully closed the issuance of an additional $24 million aggregate principal amount of 5.0% convertible unsecured subordinated debentures due December 31, 2023 (the “Debentures”) pursuant to the full exercise of the over-allotment option granted to the syndicate of underwriters led by TD Securities Inc. and CIBC Capital Markets in connection with the Company’s recent public offering of $160 million aggregate principal amount of Debentures that closed on September 26, 2018, bringing the total aggregate gross proceeds from the offering to $184 million.

Posted 1 October 2018 0 comments 0 recommendations
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