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Air Canada announces $260 million bought deal offering of units

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06-Oct-2009 Air Canada (the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Genuity Capital Markets and TD Securities Inc. (the "Underwriters") to purchase 160,500,000 units (the "Units") from Air Canada at a price per Unit of C$1.62 for aggregate gross proceeds of C$260,010,000.

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