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Aug 3, 2017

Kinder Morgan Canada announces $200M share offering

Ahmed Farhatha, Reuters

Kinder Morgan Canada

The entrance for the Kinder Morgan Tank Farm is pictured in Burnaby, British Columbia, October 6, 2014 , Reuters/Ben Nelms

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Kinder Morgan Canada Ltd (KML.TO) on Thursday announced a $200 million share offering for the completion of certain projects and to reduce debt.

The company said it would offer 8 million shares at $25 per share, which represents a 37.7 per cent premium to the stock's Wednesday close.

More to come.