By Sheri Kasprzak
New York, Oct. 3 - Atlantic Power Corp. said it closed a private placement of income participating securities with Caisse de depot et placement du Quebec for C$75 million.
The offering brings Caisse's ownership of Atlantic to 16.9%.
Atlantic Power sold 7.5 million shares at C$10.00 each.
The proceeds will be used to increase Atlantic Power's ownership in Atlantic Power Holdings to 70.1% from 58.1%.
Based in Boston, Atlantic Power owns a portfolio of 16 power generation projects.
| Issuer: | Atlantic Power Corp.
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| Issue: | Income participating securities
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| Amount: | C$75 million
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| Shares: | 7.5 million
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| Price: | C$10.00
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| Warrants: | No
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| Investor: | Caisse de depot et placement du Quebec
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| Settlement date: | Oct. 3
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| Stock price: | C$10.65 at close Oct. 3
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