Cove Key Bluescape Holdings LP Announces Changes to Early Warning Report regarding TransAlta Corporation

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[{"type":"text","content":"\n\n\n\nCove Key Bluescape Holdings LP Announces Changes to Early Warning Report regarding TransAlta Corporation\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nNEW YORK, March 26, 2019\n\n\n\nNEW YORK, March 26, 2019 /CNW/ - Cove Key Bluescape Holdings LP (\"Cove Key\") announced today that on March 25, 2019, Mangrove Partners Master Fund, Ltd. issued a notice (the \"Notice\") to TransAlta Corporation (the \"Company\") pursuant to the Company's Advance Notice By-Law No. 2 submitting nominations for the election of directors (collectively, the \"Nominees\") to the Board of the Company (the \"Board\") at the upcoming Annual and Special Meeting of Shareholders of the Company currently scheduled to take place on April 26, 2019 (or any adjournment or postponement thereof) (the \"Annual Meeting\"). No securities were acquired in connection with the filing of the Early Warning Report filed by Cove Key on the date hereof. \nAs of the date of hereof, Cove Key has ownership and control of 8,397,333 common shares, representing approximately 2.95% of the issued and outstanding common shares as of the date hereof, calculated on an undiluted basis. As of the date hereof, the Mangrove Cooperating Parties (defined below), the Cove Key Cooperating Parties (defined below) and the Bluescape Cooperating Parties (defined below) (collectively, the \"Cooperating Parties\") collectively have ownership and control over 28,729,196 common shares, representing approximately 10.1% of the issued and outstanding common shares as of the date hereof, calculated on an undiluted basis. \nOn March 25, 2019, the Company announced that it had entered into an Investment Agreement with Brookfield BRP Holdings (Canada) Inc. (the \"Brookfield Investment Agreement\"), a copy of which was subsequently filed on SEDAR on March 25, 2019. Under the terms of the Brookfield Investment Agreement, if two or more persons, who are not among the Company's director nominees recommended in its management proxy circular for election to the Board at the Annual...

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