/NOT FOR DISTRIBUTION INTO THE UNITED STATES OR TO UNITED STATES WIRE
EDMONTON, Dec. 18, 2012 /CNW/ - Capital Power Corporation ("Capital Power") (TSX:CPX) is pleased to
announce today that it has closed its previously announced offering of
6,000,000 Cumulative Rate Reset Preference Shares, Series 3 (the
"Series 3 Shares") at a price of $25 per Series 3 Share for aggregate
gross proceeds of $150 million on a bought deal basis with a syndicate
of underwriters, led by TD Securities Inc. and BMO Capital Markets.
The Series 3 Shares have not been registered under the U.S. Securities
Act of 1933, as amended, and may not be offered or sold in the United
States or to, or for the account or benefit of, U.S. persons absent
registration or an applicable exemption from registration requirements.
This news release does not constitute an offer to sell or the
solicitation of an offer to buy any security, and shall not constitute
an offer, solicitation or sale of the securities in any state in which
such offer, solicitation or sale would be unlawful.
About Capital Power
Capital Power (TSX: CPX) is a growth-oriented North American power
producer headquartered in Edmonton, Alberta. The company develops,
acquires, operates and optimizes power generation from a variety of
energy sources. Capital Power owns more than 3,600 megawatts of power
generation capacity at 16 facilities across North America. An
additional 595 megawatts of owned generation capacity is under
construction or in advanced development in Alberta and Ontario.
SOURCE: Capital Power Corporation
For further information:
(780) 392-5305 or (866) 896-4636 (toll-free)