/NOT FOR DISTRIBUTION INTO THE UNITED STATES OR TO UNITED STATES WIRE
EDMONTON, March 14, 2013 /CNW/ - Capital Power Corporation ("Capital
Power") (TSX: CPX) is pleased to announce today that it has closed its
previously announced offering of 8,000,000 Cumulative Rate Reset
Preference Shares, Series 5 (the "Series 5 Shares") at a price of $25
per Series 5 Share for aggregate gross proceeds of $200 million on a
bought deal basis with a syndicate of underwriters, led by RBC Capital
Markets and Scotiabank.
The Series 5 Shares will begin trading today on the TSX under the symbol
The Series 5 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 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)