Atlantic Power Corp closed its public offering of 784,000 common shares at $13.35 per share.
Much of that money will be invested in Barnesville.
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"The Company intends to use the net proceeds from these Offerings as follows: (i) approximately US$20 million to repay indebtedness incurred under its credit facility entered into in June 2010 to partially fund its previously-announced acquisition of a 27.6% equity interest in Idaho Wind Partners 1, LLC, and (ii) up to US$75 million to fund an investment in the Piedmont Green Power biomass project in Barnesville, Georgia"
The statement then goes on to cover the fact that
"This news release may include forward-looking statements. Forward-looking statements involve risks and uncertainties. These statements, which are based on certain assumptions and describe Atlantic Power's future plans, projections, strategies and expectations, can generally be identified by the use of the words "outlook," "objective," "may," "will," "should," "could," "would," "plan," "potential," "estimate," "project," "continue," "believe," "intend," "anticipate," "expect," "target" or the negatives of these words and phrases or similar expressions that are predictions of or indicate future events or trends and which do not relate solely to present or historical matters."
I have to ask then if I am the only one that read the words "INTENDS" and "UP TO" in the statement about Barnesville, GA. I have been here long enough to know that those statements are a loophole that will inevitably offer some backup plan for A.P.
Was this information directly give to Barnesville and/or the Barnesville Lamar County Industrial Development Authority? It is a large statement to be released unless fully substantiated.