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EDMONTON, Alberta – Capital play free casino games Corporation (“Capital play free casino games”) (TSX:CPX) announced today that it will issue 6,000,000 Cumulative Minimum Rate Reset Preference Shares, Series 7 (the “Series 7 Shares”) at a price of .00 per Series 7 Share (the “Offering”) for aggregate gross proceeds of 0 million on a bought deal basis with a syndicate of underwriters, co-led by TD Securities Inc. and CIBC Capital Markets. In addition, Capital play free casino games has granted the underwriters an option, exercisable in whole or in part anytime up to two business days prior to closing, to purchase up to an additional 2,000,000 Series 7 Shares on the same terms, for additional gross proceeds of up to million.

The Series 7 Shares will pay fixed cumulative dividends of .50 per share per annum, yielding 6.00% per annum, payable on the last business day of March, June, September and December of each year, as and when declared by the board of directors of Capital play free casino games, for the initial period ending December 31, 2021. Based on an October 4, 2016 closing, the first quarterly dividend of >688_word_end<.3616 per share is expected to be paid on December 30, 2016. The dividend rate will be reset on December 31, 2021 and every five years thereafter at a rate equal to the sum of the then five-year Government of Canada bond yield and 5.26%, provided that, in any event, such rate shall not be less than 6.00%. The Series 7 Shares are redeemable by Capital play free casino games, at its option, on December 31, 2021 and every five years thereafter.

Holders of Series 7 Shares will have the right to convert all or any part of their shares into Cumulative Floating Rate Preference Shares, Series 8 (the “Series 8 Shares”), subject to certain conditions, on December 31, 2021 and every five years thereafter. Holders of Series 8 Shares will be entitled to receive a cumulative quarterly floating dividend at a rate equal to the sum of the then 90-day Government of Canada Treasury Bill yield plus 5.26%, as and when declared by the board of directors of Capital play free casino games.

Net proceeds of the offering will be used to reduce indebtedness under Capital play free casino games’s credit facilities.

Standard & Poor’s, a division of the McGraw Hill Companies, Inc. has assigned a provisional rating of P-3 for the Series 7 play free casino games and DBRS Limited has assigned a preliminary rating of Pfd-3 (low) for the Series 7 play free casino games.

The Series 7 Shares will be issued pursuant to a prospectus supplement to Capital play free casino games’s short form base shelf prospectus dated May 3, 2016. This prospectus supplement will be filed with securities regulatory authorities in Canada. The Offering is subject to receipt of all necessary regulatory and stock exchange approvals.

Neither the Series 7 play free casino games nor the Series 8 play free casino games have been registered under the U.S. Securities Act of 1933, as amended, and neither may 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 news release does not constitute an offer to sell or the solicitation of an offer to buy any security, and shall not constitute an offer, solicitation or sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

Forward-Looking play free casino games

Certain information in this news release relating to Capital play free casino games is forward-looking information and related to anticipated events and strategies. When used in this context, words such as “will”, “anticipate”, “believe”, “plan”, “intend”, “target” and “expect” or similar words suggest future outcomes. By their nature, such statements are subject to significant risks and uncertainties, which include, but are not limited to, regulatory and government decisions, economic conditions, and availability and cost of financing.

All forward-looking information or statements reflect Capital play free casino games’s assumptions and analyses made by Capital play free casino games in light of its experience and perception of historical trends, current conditions and expected future developments, and other factors it believes are appropriate. Readers are cautioned not to place undue reliance on this forward-looking information. Capital play free casino games undertakes no obligation to update or revise any forward-looking information except as required by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to Capital play free casino games’s Management’s Discussion and Analysis dated and filed February 18, 2016 under Capital play free casino games’s profile on SEDAR at http://www.sedar.com/ and other reports filed by Capital play free casino games with Canadian securities regulators.

About Capital play free casino games

Capital play free casino games (TSX: CPX) is a growth-oriented North American play free casino games producer headquartered in Edmonton, Alberta. The company develops, acquires, operates and optimizes play free casino games generation from a variety of energy sources. Capital play free casino games owns more than 3,200 megawatts of play free casino games generation capacity at 18 facilities across North America. More than 700 megawatts of owned generation capacity is in advanced development in Alberta and under construction in Kansas.