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Capital Power Corporation Announces $350 Million Bought Offering of Common Shares
Dec 10, 2024•over 1 year ago
Contract Type
partnership
EdmontonEnergyOil And GasRenewable Energy
Description
Capital Power Corporation has entered into an agreement with a syndicate of underwriters co-led by TD Securities and Scotiabank to purchase 5,960,000 common shares at an offering price of $58.80 per Common Share, resulting in total gross proceeds of approximately $350 million. The net proceeds will be used to fund future potential acquisitions and growth opportunities, as well as for general corporate purposes.
Company Information
Company
Capital Power
Location
Edmonton, Alberta, Canada
About
Capital Power Corp. is a leading power generation company based in Canada. It operates multiple power plants and focuses on environmentally sustainable energy production. The company runs primarily on natural gas after significant upgrades to its facilities. Capital Power is committed to delivering reliable power solutions while reducing greenhouse gas emissions.
EdmontonEnergyOil And GasRenewable Energy