CALGARY, ALBERTA -- (Marketwire) -- 06/25/09 -- TransCanada Corporation (TSX: TRP) (NYSE: TRP) (TransCanada) today announced that the underwriters of its recent common share offering have exercised their over-allotment option to purchase an additional 7,620,000 common shares at a price of $31.50 per common share. Closing of the exercise of the over-allotment option is expected to occur on June 30, 2009. The gross proceeds from the over-allotment option total approximately $240 million. Gross proceeds from the common share offering and the over-allotment option total approximately $1.84 billion. The net proceeds will be used by TransCanada to partially fund capital projects
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