Capstone Infrastructure completes C$75 million preferred share public offering

Torys acted as counsel to the underwriters with a team that included Philip Symmonds, Rima Ramchandani, Milosz Zemanek and Aaron Rankin (corporate), Andrew Wong and Saira Bhojani (tax).

On June 30, 2011, Capstone Infrastructure Corporation (Capstone) (TSX: CSE) announced the completion of its previously announced offering of preferred shares, on a bought deal basis, to a syndicate of underwriters co-led by TD Securities Inc., Macquarie Capital Markets Canada Ltd. and RBC Capital Markets. The underwriters are entitled, pursuant to an over-allotment option exercisable in whole or in part at any time up until 30 days after the closing date, to purchase an additional 450,000 Series A Shares at $25.00 per Series A Share.

The net proceeds of the offering will be used to fund Capstone's final equity payment for the construction of the Amherstburg solar power facility, to fund future potential acquisitions and for general corporate purposes.

Capstone also announced that the Amherstburg solar power facility has achieved commercial operation under its Renewable Energy Standard Offer Program contract with the Ontario Power Authority and is in the process of finalizing acceptance testing, which is expected to be completed in the first week of July.

Capstone, formerly Macquarie Power and Infrastructure Corporation, is headquartered in Toronto and is engaged in power infrastructure.

Further information is found on Capstone's website.