The Caisse de dépôt et placement du Québec acquires common shares of Iteration Energy Ltd.

The Caisse de dépôt et placement du Québec (the “Caisse”) announces that it has acquired, via a bought deal by way of a short form prospectus, 12,000,000 common shares of Iteration Energy Ltd. [TSX: ITX] (“Iteration Energy“) (or 5.69% of such shares outstanding) at a price of $1.28 per share.

Before the acquisition of the common shares, the Caisse held 20,861,552 common shares of Iteration Energy or 12.57% of all of the issued shares of that class. Following this transaction, the number of common shares of Iteration Energy held by the Caisse is 32,861,552 or 15.57% of such shares outstanding.

This transaction was made for investment purposes and the Caisse could increase or decrease its investments in Iteration Energy, depending on market conditions or any other relevant factor.