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Plutonic Power Corporation


News and Blogs

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Plutonic Power Raises C$70 Million for Projects - Renewable Energy World

www.renewableenergyworld.com | Oct 16, 2009

Hydropower producer Plutonic Power Corp. said it will raise about C$70.4 million through the sale of common stock to support in part the construction of the Toba-Montrose hydroelectric project.

http://www.renewableenergyworld.com/rea/news/article/2009/10/plutonic-power-raises-c70-million-for-projects?cmpid=rss

 

Plutonic Power Corporation Announces Closing of $70.35 Million Bought Deal - Zibb.com

Plutonic Power Corporation (TSX: PCC) is pleased to announce the closing of its recently-announced bought deal financing, raising gross proceeds of $70,350,000 by the sale of 21,000,000 Common Shares at a price of $3.35 per share. The financing was underwritten by a syndicate of underwriters co-led by Cormark Securities Inc., GMP Securities L.P. and Macquarie Capital Markets Canada Ltd., and including Scotia Capital Inc., Toll Cross Securities Inc., Canaccord Capital Corporation, M Partners Inc., PI Financial Corp., Salman Partners Inc. and Versant Partners Inc.

The net proceeds of the offering will be used to satisfy previous commitments made with respect to the Toba Montrose project transmission line, financing the planned acquisition of the Dokie Ridge Wind Project as well as for general corporate purposes.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Plutonic Power Corporation

Plutonic Power's vision is to provide leadership and create a legacy through the development of renewable, reliable, clean energy projects. Its proposed Green Power Corridor(TM), comprised of 42 generation facilities (including the 2 facilities being constructed by the Toba Montrose General Partnership), could have the capacity to meet the annual energy needs of about 660,000 homes and offset more than 4.4 million tons of CO2 emissions every year - the equivalent of taking more than 850,000 cars off the road. Build out of the Green Power Corridor(TM), including the current construction of the $660 million, 196 megawatt East Toba River and Montrose Creek run-of-river hydroelectric project, could create approximately 6,500 person-years of employment. Plutonic Power is committed to working in partnership with First Nations, stakeholder groups and local communities in the development of all of its projects. By developing its suite of projects, Plutonic Power will help British Columbia realize its goal of becoming electricity self-sufficient by 2016 utilizing 90% clean domestic generation sources, will create employment opportunities and will play a significant role in the fight against climate change.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contacts:
Plutonic Power Corporation
Elisha McCallum
Media/Community Relations
604-669-4999 or Cell: 604-880-0073
elisha.mccallum@plutonic.ca

Plutonic Power Corporation
Lisa May
Investor Relations
604-669-4999 or Cell: 603-314-3362
lisa.may@plutonic.ca
www.plutonic.ca


SOURCE: Plutonic Power Corporation

mailto:elisha.mccallum@plutonic.ca
mailto:lisa.may@plutonic.ca
http://www.plutonic.ca

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Tags: acquisition   british columbia   canada   community   construction   corporate   electricity   employment   energy   hydroelectric   local   media   partnership   securities  

Companies: Plutonic Power Corp (PCC), Plutonic Power Corp (PUOPF)

 

Plutonic Power Corporation Announces Closing of $70.35 Million Bought Deal - Zibb.com

Plutonic Power Corporation (TSX:PCC) is pleased to announce the closing of its recently-announced bought deal financing, raising gross proceeds of $70,350,000 by the sale of 21,000,000 Common Shares at a price of $3.35 per share. The financing was underwritten by a syndicate of underwriters co-led by Cormark Securities Inc., GMP Securities L.P. and Macquarie Capital Markets Canada Ltd., and including Scotia Capital Inc., Toll Cross Securities Inc., Canaccord Capital Corporation, M Partners Inc., PI Financial Corp., Salman Partners Inc. and Versant Partners Inc.

The net proceeds of the offering will be used to satisfy previous commitments made with respect to the Toba Montrose project transmission line, financing the planned acquisition of the Dokie Ridge Wind Project as well as for general corporate purposes.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

About Plutonic Power Corporation

Plutonic Power's vision is to provide leadership and create a legacy through the development of renewable, reliable, clean energy projects. Its proposed Green Power Corridor(TM), comprised of 42 generation facilities (including the 2 facilities being constructed by the Toba Montrose General Partnership), could have the capacity to meet the annual energy needs of about 660,000 homes and offset more than 4.4 million tons of CO2 emissions every year - the equivalent of taking more than 850,000 cars off the road. Build out of the Green Power Corridor(TM), including the current construction of the $660 million, 196 megawatt East Toba River and Montrose Creek run-of-river hydroelectric project, could create approximately 6,500 person-years of employment. Plutonic Power is committed to working in partnership with First Nations, stakeholder groups and local communities in the development of all of its projects. By developing its suite of projects, Plutonic Power will help British Columbia realize its goal of becoming electricity self-sufficient by 2016 utilizing 90% clean domestic generation sources, will create employment opportunities and will play a significant role in the fight against climate change.

SOURCE: Plutonic Power Corporation

Plutonic Power Corporation
Elisha McCallum
Media/Community Relations
604-669-4999 or Cell: 604-880-0073
elisha.mccallum@plutonic.ca
Plutonic Power Corporation
Lisa May
Investor Relations
604-669-4999 or Cell: 603-314-3362
lisa.may@plutonic.ca
www.plutonic.ca

Read more...

Tags: acquisition   british columbia   canada   construction   corporate   electricity   employment   energy   hydroelectric   local   partnership   securities  

Companies: Plutonic Power Corp (PCC), Plutonic Power Corp (PUOPF)

 

GE, Plutonic Power move closer to acquire Dokie Ridge wind project - Zibb.com

GE Energy Financial Services, a unit of GE, and Plutonic Power have moved a step closer to purchasing the 144MW Dokie Ridge wind project, a wind farm under construction in British Columbia, from EarthFirst Canada.

GE and Plutonic have completed their due diligence, waived initial due diligence conditions and have committed to purchase the Dokie project subject to satisfaction or waiver of closing conditions.

GE and Plutonic have formed a partnership through which they intend to own and operate the project, located 1,100km northeast of Vancouver.

The Dokie project consists of the fully permitted and partially built 144MW Dokie Phase 1 project and the rights to expand to 300MW. As partners, GE and Plutonic or their affiliates would jointly provide equity and seek project debt financing to complete construction and operate the project. The estimated construction cost of the project is C$225 million.

EarthFirst has reported that the Dokie project, once completed, would generate 340GWh annually; enough electricity to meet the annual needs of 34,000 homes and avoid more than 229,000 tonnes of CO2 emissions from a coal plant, the equivalent of taking 44,000 cars off the road.

GE Energy Financial Services and Plutonic plan to complete the acquisition of the Dokie project in early November 2009, with completion of construction estimated in early 2011.

http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon

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Tags: acquisition   british columbia   coal   construction   debt   electricity   energy   equity   financial services   partnership   plant   vancouver  

Companies: EarthFirst Canada Inc (EF), Plutonic Power Corp (PUOPF)

 

Plutonic Power appoints two new board members - Zibb.com

Canada-based renewable power generator Plutonic Power's chairman of the board of directors, Walter Segsworth, has announced the appointment of Phil Fontaine and David O'Brien to the company's board of directors effective immediately.

Mr Fontaine is the past national chief of the Assembly of First Nations, a position to which he was elected three times. The Assembly of First Nations is the national organization which represents Canada's First Nation peoples.

Since 2004, David O'Brien has been the president and CEO of Toronto Hydro, a municipally-owned electrical utility responsible for providing electricity to the City of Toronto, which reportedly represents 18.5% of the electricity consumers in the province of Ontario.

Prior to joining Toronto Hydro, Mr O'Brien had experience in municipal administration and the Ontario electricity industry. He has held the position of city manager in a number of cities in Ontario, culminating with 10 years as city manager in Mississauga.

He then served as CEO and board member of Enersource, a diversified energy and technologies company serving residential and business customers in Mississauga.

http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall 
not be liable for errors or delays in the content, or for any actions 
taken in reliance thereon

Read more...

Tags: business   canada   ceo   electrical   electricity   energy   ontario   residential   technology   toronto   utilities  

Companies: Plutonic Power Corp (PUOPF)

 

Web Sites

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Former Executive VP Of Business Development At Plutonic Power Appointed President

www.nawindpower.com

In his capacity as president, Sweeney will be responsible for the day-to-day administration of Plutonic Power's activities, including project development, engineering and permitting.

http://www.nawindpower.com/e107_plugins/content/content.php?content.4526

North American Windpower: Content / FYI / Plutonic Power Closes Financing Deal; Funds Will Finance

www.nawindpower.com

Plutonic Power Corp. has closed a bought-deal financing, raising gross proceeds of C$70.3 million through the sale of 21 million common shares at a price of C$3.35 per share.

http://www.nawindpower.com/e107_plugins/content/content.php?content.4849

North American Windpower: Content / FYI / GE, Plutonic Power Granted Court Approval For

www.nawindpower.com

GE Energy Financial Services and Plutonic Power Corp. have been granted court approval for an extension to Aug. 5 of the due-diligence period for the partners' review of the purchase of the Dokie Ridge Wind Project. The project is currently owned by EarthFirst Canada Inc.

http://www.nawindpower.com/e107_plugins/content/content.php?content.4368

Plutonic Power Announces Deal To Raise Funds For Dokie Wind Project

www.nawindpower.com

Plutonic Power Corp. has announced a deal that will raise C$70.35 million, which will be used for the company's share of the equity capital required for the Dokie Wind Project. Net proceeds will also be used for the Toba Montrose project transmission line.

http://www.nawindpower.com/e107_plugins/content/content.php?content.4744

Web Sites powered by Bing

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Renewable Energy Company Providing Clean, Green Power | Plutonic Power ...

www.plutonic.ca

Nov 04, 2009: Press Releases: Plutonic Power Corporation Announces Closing of $70.35 million Bought Deal ; Nov 03, 2009: Media Coverage: Premier Campbell announces sweeping B.C ...

http://www.plutonic.ca/

Renewable Energy Company Providing Clean, Green Power | Plutonic Power ...

www.plutonic.ca

Plutonic Power Corporation promotes, supports and develops sustainable, renewable, green energy projects in British Columbia. Plutonic Power is a green energy company currently ...

http://www.plutonic.ca/s/Home.asp

Plutonic Power Corporation - Wikipedia, the free encyclopedia

en.wikipedia.org

Plutonic Power Corporation (TSX: PCC) is a Vancouver-based Canadian company that promotes, supports and develops sustainable, renewable, energy projects.

http://en.wikipedia.org/wiki/Plutonic_Power_Corporation

Plutonic Power Corporation group | LinkedIn

www.linkedin.com

Welcome to LinkedIn. Join LinkedIn or sign in to become a member of this group. Plutonic Power Corporation Plutonic Power Corporation Group was designed to be an active forum ...

http://www.linkedin.com/groups?gid=2121636