CALGARY, ALBERTA -- (Marketwire) -- 06/16/09 -- TransCanada Corporation (TSX: TRP)(NYSE: TRP) (TransCanada) today announced that it has entered into an agreement with a syndicate of underwriters, led by RBC Capital Markets, BMO Capital Markets, and TD Securities Inc. under which they have agreed to purchase from TransCanada and sell to the public 50,800,000 Common Shares. The purchase price of $31.50 per Common Share will result in gross proceeds of approximately $1.6 billion. The offering is expected to close on or about June 24, 2009. TransCanada has also granted the underwriters an option to purchase up to an additional 7,620,000
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