Capital Power (TSE:CPX) has released an update.
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Capital Power has increased the size of its bought deal offering to raise approximately $400 million by selling 6.8 million common shares at $58.80 each, with an option for underwriters to purchase additional shares potentially pushing proceeds to $460 million. The proceeds will be used for future acquisitions, growth opportunities, and general corporate purposes. The offering is set to close on December 17, 2024, subject to customary conditions.
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