Business
Capital Power Corporation and EPCOR Announce Closing of Exercise of Over-Allotment Option
Dec. 22, 2010 (Canada NewsWire Group) -- NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES O...
About this update from Capital Power Corporation
[{"type":"text","content":"\n\n\n\n Dec. 22, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nNOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES\n\n\nEDMONTON, Dec. 22 /CNW/ - Capital Power Corporation (TSX: CPX) ("Capital\n Power") and EPCOR Utilities Inc. ("EPCOR") announced today that the\n underwriters of the recent offering by EPCOR of common shares of\n Capital Power have exercised their over-allotment option and acquired\n an additional 875,000 common shares of Capital Power at a price of\n $24.00 per common share. The over-allotment option relates to the\n offering by EPCOR of 8,334,000 common shares of Capital Power which was\n completed on December 14, 2010. The closing of the exercise of the\n over-allotment options brings the total number of common shares of\n Capital Power purchased by the underwriters to 9,209,000 for total\n gross proceeds of approximately $221 million.\n\n\nEPCOR currently indirectly owns approximately 60.5% of the common shares\n of Capital Power, on a fully diluted basis, which it intends to sell as\n its demands for capital require and market conditions permit.\n\n\nForward-Looking Information \nCertain information in this news release relating to EPCOR is\n forward-looking and related to anticipated events and strategies. When\n used in this context, words such as "will", "anticipate", "believe",\n "plan", "intend", "target" and "expect&...