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VALENER ANNOUNCES THE LIVE BROADCAST OF ITS ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

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  Published in Business and Finance on Friday, February 25th 2011 at 7:45 GMT by Market Wire

MONTREAL, Feb. 25 /CNW Telbec/ - Valener Inc. ("Valener") (TSX: VNR), created in the context of the reorganization of Gaz Métro Limited Partnership's ("Gaz Métro") public ownership structure, will hold its annual and special meeting of shareholders on March 23, 2011 at 2:00 p.m. (Montréal time) at the Palais des congrès de Montréal, 159 Saint-Antoine Street West, Room 511A-E, Montréal (Québec). 

In addition to the usual annual meeting agenda, which includes the appointment of auditors and election of directors, shareholders will be asked to vote on a resolution authorizing the creation of a class of preferred shares issuable in series.

Shareholders, media and other interested parties who are unable to attend the meeting are invited to listen to a live webcast on Valener's website ([ www.valener.com ]) in the "Investors" section under "Events and presentations". A recording will also be available for 90 days after the event.

Valener Overview

Valener owns an economic interest of approximately 29% in Gaz Métro. Valener therefore has a stake in the energy industry and benefits from Gaz Métro's diversified profile, both in terms of geography and business segment. Valener also owns a 24.5% indirect interest in the wind power projects jointly developed by Beaupré Éole General Partnership and Boralex Inc. on the private lands of Séminaire de Québec. Valener may also pursue its own development projects and acquisition strategies subject to a non-competition agreement in favour of Gaz Métro and to applicable limitations under its credit facility. Valener's common shares are listed on the Toronto Stock Exchange under the "VNR" trading symbol. [ www.valener.com ]