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Article: TransAlta Corporation closes Cdn$412.5 million sale of common shares.
- Article from:
- Marketwire Canada
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, ALBERTA, Nov 5, 2009 (Marketwire via COMTEX) -- TransAlta Corporation (TSX:TA) (NYSE:TAC) ("TransAlta") today announced it has completed its public offering of 18,656,800 Common Shares at a price of $20.10 per common share. In addition, the full over-allotment option granted to the syndicate of underwriters, led by RBC Capital Markets, CIBC and Scotia Capital Inc., as bookrunners, was exercised for an additional 1,865,700 common shares also at a price of $20.10 per Common Share.
The offering previously announced on October 28, 2009, resulted in gross proceeds to TransAlta of approximately Cdn $412.5 million. The net proceeds from the offering will be ...