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mega ace88 EDMONTON, Alberta, Dec. 10, 2024 (GLOBE NEWSWIRE) — Capital Power Corporation (TSX: CPX) (“Capital Power” or the “Company”) announced today that it has entered into an agreement with a syndicate of underwriters co-led by TD Securities and Scotiabank (collectively the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 5,960,000 common shares of Capital Power (“Common Shares”) at an offering price of $58.80 per Common Share (the “Offering Price”) for total gross proceeds to the Company of approximately $350 million (the “Offering”). The Underwriters have also been granted an option (the “Over-Allotment Option”) to purchase up to an additional 894,000 Common Shares at the Offering Price. The Over-Allotment Option is exercisable, in whole or in part, at any time for a period of 30 days following the closing of the Offering. If the Over-Allotment Option is exercised in full, total gross proceeds to the Company from the Offering will be approximately $403 million. The Company intends to use the net proceeds from the Offering to fund future potential acquisitions and growth opportunities and for general corporate purposes. “North American power demand is undergoing unprecedented and multi-faceted growth, highlighting the need for reliable generation. Amid this backdrop, we are focused on opportunities to enhance our strategically positioned asset base but remain disciplined and focused on achieving our stated investment return thresholds. This financing, together with our recent renewable sell-down transaction, augments our strong balance sheet and positions us well to fund future growth opportunities,” said Avik Dey, President and Chief Executive Officer of Capital Power. The Common Shares will be offered in all provinces and territories of Canada by way of a prospectus supplement (the “Prospectus Supplement”) to Capital Power’s base shelf prospectus dated June 12, 2024 (the “Base Shelf Prospectus”). The Prospectus Supplement will be filed with the securities commissions or securities regulatory authorities in all the provinces and territories of Canada on or before December 12, 2024. The Common Shares will also be offered on a private placement basis to “qualified institutional buyers” pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”). Completion of the Offering is subject to customary conditions, including requirements of the TSX. Closing of the Offering is anticipated to occur on December 17, 2024. All references to dollar amounts contained herein are to Canadian dollars. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No securities regulatory authority has either approved or disapproved of the contents of this press release. This announcement does not constitute an offer of securities for sale in the United States, nor may any securities referred to herein be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act, and the rules and regulations thereunder. The securities referred to herein have not and will not be registered under the U.S. Securities Act or any state securities laws, and except pursuant to exemptions from registration requirements of the U.S. Securities Act or any state securities laws, there is no intention to register any of the securities in the United States or to conduct a public offering of securities in the United States. Such securities may be offered in the United States only to “qualified institutional buyers” (as defined in and in reliance on Rule 144A under the U.S. Securities Act). Access to the Base Shelf Prospectus, the Prospectus Supplement, and any amendments to the documents will be provided in accordance with securities legislation relating to procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. The Base Shelf Prospectus is, and the Prospectus Supplement will be (within two business days of the date hereof), accessible on the System for Electronic Data Analysis and Retrieval + (“SEDAR+”) at www.sedarplus.ca. The Common Shares are offered under the Prospectus Supplement. An electronic or paper copy of the Base Shelf Prospectus, the Prospectus Supplement (when filed), and any amendment to the documents may be obtained without charge, from TD Securities at 1625 Tech Avenue, Mississauga, Ontario L4W 5P5 Attention: Symcor, NPM, or by telephone at (289) 360-2009 or by email at sdcconfirms@td.com by providing the contact with an email address or address, as applicable. The Base Shelf Prospectus and Prospectus Supplement contain important, detailed information about the Company and the proposed Offering. Prospective investors should read the Base Shelf Prospectus and Prospectus Supplement (when filed) before making an investment decision. Forward-looking information or statements included in this press release are provided to inform the Company’s shareholders and potential investors about management’s assessment of Capital Power’s future plans and operations. This information may not be appropriate for other purposes. The forward-looking information in this press release is generally identified by words such as will, anticipate, believe, plan, intend, target, and expect or similar words that suggest future outcomes. This press release includes forward-looking information and statements pertaining to the expected amount and intended use of the net proceeds of the Offering, any exercise of the Over-Allotment Option, the expected closing date of the Offering, North American power demand, the renewable sell-down transaction, and opportunities available to the Company. These statements are based on certain assumptions and analyses made by Capital Power considering its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate including its review of purchased businesses and assets. The material factors and assumptions used to develop these forward-looking statements relate to: (i) electricity natural gas, other energy and carbon prices, (ii) performance, (iii) business prospects and opportunities, (iv) the status of and impact of policy, legislation and regulations and (v) effective tax rates. Whether actual results, performance or achievements will conform to Capital Power’s expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results and experience to differ materially from Capital Power’s expectations. Such material risks and uncertainties include: (i) changes in electricity, natural gas and carbon prices in markets in which Capital Power operates and Capital Power’s use of derivatives, (ii) regulatory and political environments, including changes to environmental, climate, financial reporting, market structure and tax legislation, (iii) disruptions or price volatility within Capital Power’s supply chains, (iv) generation facility availability, wind capacity factor and performance, including maintenance expenditures, (v) ability to fund current and future capital and working capital needs, (vi) acquisitions, dispositions and developments, including timing and costs of regulatory approvals and construction, (vii) changes in the availability of fuel, (viii) the ability to realize the anticipated benefits of acquisitions and dispositions, (ix) limitations inherent in Capital Power’s review of acquired assets, (x) changes in general economic and competitive conditions, including inflation and the potential for a recession and (xi) changes in the performance and cost of technologies and the development of new technologies, and new energy efficient products, services and programs. See Risks and Risk Management in Capital Power’s Integrated Annual Report for the year ended December 31, 2023, prepared as of February 27, 2024, and Capital Power’s interim Management’s Discussion and Analysis for the three and nine months ended September 30, 2024, under Capital Power’s profile on SEDAR+ (www.sedarplus.ca), and other reports filed by Capital Power with Canadian securities regulators. Readers are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the specified approval date. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by applicable securities laws. In the spirit of reconciliation, Capital Power respectfully acknowledges that we operate within the ancestral homelands, traditional and treaty territories of the Indigenous Peoples of Turtle Island, or North America. Capital Power’s head office is located within the traditional and contemporary home of many Indigenous Peoples of the Treaty 6 region and Métis Nation of Alberta Region 4. We acknowledge the diverse Indigenous communities that are located in these areas and whose presence continues to enrich the community. Capital Power (TSX: CPX) is a growth-oriented power producer with approximately 9,300 MW of power generation at 32 facilities across North America. We prioritize safely delivering reliable and affordable power communities can depend on, building clean power systems, and creating balanced solutions for our energy future. We are Powering Change by Changing PowerTM.

Two students wounded and gunman dead after shooting at Northern California elementary school

Sean “Diddy” Combs’ twin daughters, Jessie and D’Lila Combs, celebrated senior night at their high school amid their father’s sex trafficking charges. The 17-year-olds took to Instagram Sunday to share a photo of themselves dolled up in blue-and-white cheerleading uniforms at a football game. The teens posed on the sidelines while rocking identical black-and-pink “senior” sashes, tiaras and pink pom-poms. “Senior Night💖,” Jessie and D’Lila captioned the post on their joint Instagram account. The twins attended the football game after making an appearance in a Manhattan courtroom for their dad Sean’s third bail hearing on Friday. The disgraced rapper, 55, was seen blowing kisses to Jessie, D’Lila and other family members after a judge declared a decision would be made in a week. Jessie and D’Lila have been keeping busy with their senior activities despite Sean remaining behind bars at a Brooklyn detention center. Last month, they attended their senior homecoming , donning matching orange off-the-shoulder dresses and bronze heels. The “I’ll Be Missing You” rapper shares his twin daughters with his late ex Kim Porter, whom he dated from 1994 to 2007. Jessie and D’Lila paid tribute to Porter , who died of pneumonia in 2018, on the sixth anniversary of her death earlier this month. “We think about you every single second of the day,” they wrote on Instagram. “We love and miss you so much words can’t even explain.” Sean is also the father to Quincy Brown, 33, Justin Combs, 30, Christian “King” Combs, 26, Chance Combs, 18, and Love Combs, 2. The embattled musician’s children have remained in his corner since his arrest on sex trafficking and racketeering charges in September. Sean’s eldest six children were present in a New York City courtroom on Oct. 10 when a judge set his trial date for May 5, 2025 . Later that month, his brood slammed the “absurdity” of allegations against their father, saying the accusations have left them “devastated.” “Many have judged both him and us based on accusations, conspiracy theories, and false narratives that have spiraled into absurdity on social media,” they wrote on Instagram. “We stand united, supporting you every step of the way. “We hold onto the truth, knowing it will prevail, and nothing will break the strength of our family.” Most recently, Sean’s kids shared a video of themselves calling the music mogul for his birthday on Nov. 4. “I can’t wait to see y’all. I just want to say that I’m proud of y’all, especially the girls. I mean, all y’all, just for being strong,” Sean told his kids, who sat together talking to him on the phone. The Bad Boy Records founder has pleaded not guilty to the charges against him and has maintained his innocence amid numerous allegations of sexual assault .

A federal jury Monday convicted the former chief executive for local biotechnology company CytoDyn, along with the head of the company’s regulatory agent to the U.S. Food and Drug Administration, for a scheme to defraud investors . According to court documents, CytoDyn raised about $300 million from investors after the defendants conspired to mislead them. More than $22 million of that went to Kazem Kazempour’s company, Amarex Clinical Research. Additionally, Nader Pourhassan, former chief executive of CytoDyn, received $4.4 million from his sale of CytoDyn stock, and Kazempour received more than $340,000, according to the Department of Justice. Pourhassan, 61, of Lake Oswego, Ore., was found guilty of four counts of securities fraud, two counts of wire fraud and three counts of insider trading. Kazempour, 71, of Potomac, Md., was found guilty of one count of securities fraud and one count of wire fraud. A sentencing date in U.S. District Court of Maryland has not yet been set, according to a news release from the Department of Justice. Pourhassan and Kazempour engaged in a conspiracy to defraud investors through false and misleading representations and material omissions about the development of CytoDyn’s leronlimab drug, according to the Department of Justice. (Leronlimab is a monoclonal antibody investigational drug being created as a potential treatment for HIV.) The indictment alleged they lied to investors about the timeline and status of CytoDyn’s regulatory submissions to the FDA to artificially inflate and maintain the price of the company’s stock and attract new investors; they also sold their personal shares of CytoDyn’s stock. “These defendants took advantage of two public health crises when they devised a scheme to swindle investors out of millions of dollars to pad their pockets by lying about the results of clinical trials and approvals from the FDA on an HIV and COVID-19 drug,” U.S. Postal Inspection Service Inspector in Charge Eric Shen said in the news release. A prior statement from a CytoDyn spokesman said Pourhassan was terminated Jan. 24, 2022, and removed from the board of directors. Pourhassan was CytoDyn’s president and chief executive at the time of the fraud. He came under fire in his final months in the position after the FDA was compelled to issue a statement about the company’s testing of leronlimab to treat COVID-19. CytoDyn had used results from a small subgroup of test participants to suggest there was a “mortality benefit in certain patients” who took the drug, according to the FDA’s statement. “None of these analyses met statistical significance when using established and reliable analytical methods that correct for multiple comparisons,” the statement read. Kazempour’s Amarex managed CytoDyn’s clinical trials and served as its regulatory agent in interactions with the FDA. Kazempour also served on the company’s Disclosure Committee, which was responsible for reviewing and approving CytoDyn’s periodic filings with the Securities and Exchange Commission, according to the Department of Justice.

Fennec Pharmaceuticals director sells $10,022 in stockF1 Don't miss out on the headlines from F1. Followed categories will be added to My News. Max Verstappen looks like he might be taking advice from Kenny Rogers after the Las Vegas Grand Prix. The Red Bull maestro clinched his fourth straight Formula 1 world title on Sunday after finishing ahead of nearest rival Lando Norris to push his lead out to an unassailable advantage. Every qualifying session and race from the 2024 FIA Formula One World ChampionshipTM LIVE in 4K. New to Kayo? Get your first month for just $1. Limited time offer. Verstappen equalled Alain Prost and Sebastian Vettel on the all-time list, sitting one behind Juan Manuel Fangio and three titles back from all-time leaders Michael Schumacher and Lewis Hamilton. But as the fireworks went off in the night sky and the champagne began flowing, the 27-year-old addressed his future in the sport and hinted at why he’s considering walking away from the sport. “There is so many more things that I want to do in my life,” Verstappen said. “Also just having a bit of fun and catching up with my family. Nowadays my dad or mum will call and I’m like ‘I’m busy I’ll call them back later’. “But I also know there will be a day when they are not calling me anymore, these kind of moments make me realise it is not all about racing and I want to spend time with them. ”Because from when I was four years old, my family’s lives have been dedicated to me and success and trying to get to Formula 1 and at one point that’s enough and then you have to give back and spend more time with them “At the end of the day that’s way more important than all the success here. It’s great and I love it, I love to be competitive, I love to win championships and races but at one point family comes first and you really have to savour those moments. Asked about how much more silverware he’d like to add to his growing trophy cabinet, Verstappen again pointed to knowing he won’t be around much longer in the sport. “I’d like to win another 10 championships, but I know I’m not going to be in Formula One in 10 years,” Verstappen said. Verstappen dropped a hint when he could be set to walk away. Clive Rose/Getty Images/AFP The Red Bull star isn’t planning on sticking around long. (Photo by Frederic J. Brown / AFP) It’s not the first time Verstappen has made reference to walking away from the sport, recently pointing out his tenure behind the wheel could be dependant upon the performance of the new cars come 2026. “At the moment, I have a contract until (2028). I’ll be 31 years old at the end of it. Of course that is still very young, but I started when I was 17. That’s a long time in Formula One,” he told Road & Track . “For me, it depends on how the new cars will be to drive from ‘26 onwards. Are they enjoyable to drive? The amount of races, how much you’re away from home. It’s demanding. “It doesn’t matter if you’re very successful or not. For me, that doesn’t matter. Of course, we’ve already won a lot in Formula One. For me, it’s not that I have to stick around and try to prove myself. I don’t have this desire to win eight or nine titles. “(So) I’m very open-minded at the moment. I’m like, ‘Let’s just see, wait until the real car is there, how it drives, and go from there’. “It’s not just about the driving experience, it’s the whole package, how it comes together. I’m not really stressed about my future. I want to enjoy it and of, course, I want to do well. I want to win. It’s also about enjoying what you’re doing.” Verstappen is enjoying the ride. (Photo by Mark Thompson/Getty Images) Verstappen entered the Las Vegas Grand Prix simply needing to cross the line ahead of Norris to wrap up the 2024 title with two races remaining. In what was a rather uneventful race, Verstappen pulled away from his McLaren rival and coasted to the finish line as he crossed in fifth. The normally feisty Red Bull driver stuck to the plan as he barely put up a fight as Ferrari duo Carlos Sainz and Charles Leclerc overtook him in the latter stages of the race. With the drivers’ championship wrapped up, all eyes now turn to the constructors title with McLaren (608) holding a 24-point lead over Ferrari (584) with Red Bull (555) 29-points adrift in third. The Formula 1 paddock will head to Qatar before the 2024 season wraps up in Abu Dhabi with the final race taking place on December 9. More Coverage ‘Hilarious’: Brundle’s ice cold F1 celeb snub Andrew McMurtry Brad Pitt ‘faints’ in bizarre F1 scenes Anthony Chapman - The Sun Originally published as Max Verstappen drops retirement hint after clinching Formula 1 crown More related stories F1 F1 star’s nuclear outburst goes viral Ferrari star Charles Leclerc was left seeing red as he unleashed a visceral tirade over the team radio following the Las Vegas Grand Prix. Read more Sport Verstappen wins fourth world title after Vegas jackpot Was there ever any doubt? Red Bull’s Max Verstappen is officially a four-time world champion in Las Vegas, as Mercedes take out the race in a 1-2 finish. Read more