Chorus Aviation Inc. has entered into a $30 million private placement agreement with Alberta Investment Management Corporation, on behalf of certain of its clients, and NordStar Capital.
"We are impressed with Chorus' world class global operational excellence and believe that this financing positions it well to execute on a number of growth opportunities", said David Tiley, Director, Public Equities, AIMCo. "Chorus Aviation represents a strong addition to our clients' public markets portfolio and is aligned with our strategy for seeking long-term value creation. We look forward to future opportunities to expand our relationship with Chorus as it continues to pursue its strategic ambitions."