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Capstone Infrastructure acquires Renewable Energy Developers

TORONTO Capstone Infrastructure Corp. TSX:CSE has signed a deal valued at $68.9 million, plus debt, to acquire Renewable Energy Developers Inc.

The agreement, which has been approved by the board of directors at both companies, expands Capstones footprint with the addition of 95 megawatts in operating wind power facilities in Nova Scotia and Ontario.

The acquisition also gives Capstone to access a pipeline of wind power projects with 20year power purchase agreements under development in Nova Scotia, Ontario, Saskatchewan and Quebec, and the option to acquire additional wind power projects in Ontario.

Capstone said Wednesday that Renewable Energy TSX:RDZ shareholders will receive 0.26 of a Capstone common share and 0.1 of a cent in cash for each common share under the offer valued at $1.01 per share.

The acquisition will also see Capstone assume approximately $129 million in longterm debt and $34.5 million of outstanding convertible debentures from ReD.

Capstone manages a portfolio of investments in gas cogeneration, wind, hydro, biomass and solar power generating facilities. It also owns part of a district heating business in Sweden and a regulated water utility in the United Kingdom.

Shares in Capstone were trading down 2.43 per cent, or nine cents, at $3.79, while shares in ReD were down a penny to 99 cents in midafternoon trading on the Toronto Stock Exchange.

We look forward to building on the combined strengths of our organizations, Capstone president and chief executive Michael Bernstein said.

These include ReDs operating wind power facilities and development pipeline and team, and Capstones sizable Canadian power portfolio, proven financing capability and broad network of relationships in Canada and internationally.

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Scientists discover Gods bathtub in Australia

Australian scientists uncover a lake that has not been affected by climate changes or any man made influences. It has maintained its same water state for the past 7,500 years.

Dr. Cameron Barr and his team were at North Stradbroke to study the effects on nearby bodies of water, which are now gone, when they accidentally stumbled across a lake that was so pure you could see more than 30 feet below the surface to its bottom.

Barr published his findings on Freshwater Biology and claims it is the only lake of its kind located in Australia. To support this claim, Barrs team studied the lakes water quality, fossil pollen and algae, which team members then compared with photos taken of nearby areas on the island over the past 117 years. Barr also notes that there were once other lakes that were located around Blue Lake, but due to climate changes they have dried up.

The lakes water has remained unchanged because its waters drain into a nearby swamp and are replaced by an aquifer every 35 days or so.

Barr tells Australian Broadcasting Corporation, Because its constantly being updated it doesnt suffer from the vagaries of the climate in so far as it doesnt evaporate and become more saline. It doesnt fill up and become fresher. It just remains constant.

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Carrie Underwood delivers on See You Again music video

It was directed by Eric Welch. Carrie cowrote the song with Hillary Lindsey and David Hodges. Ever since its release on YouTube, the video has racked up well over 924,000 views and it is certain to hit one million views within the next few days. It is her fourth single from her critically acclaimed Blown Away album and the followup to Two Black Cadillacs.

After eleven weeks, See You Again sits at No. 13 on the Billboard Hot Country Airplay charts for the week ending June 22, 2013.

Dressed in an elegant white gown, Carrie looks stunning in the music video and her vocals are powerful and emotional. Its a compelling story song and in the video she pays tribute to the military members that are away from home. Many fans will certainly relate to the songs moving message and what makes it a great tune is that it can have different meanings to different people.

Carrie Underwoods See You Again is a music video that fans will want to see over and over again. Although it may not be the best track on Blown Away, it is still an incredible vocal performance by Carrie and its video is a gem my personal favorite song on the album is the Grammywinning title track. This may be the song that can help her reclaim the Female Vocalist of the Year award at the upcoming Country Music Association CMA awards this fall.

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6 million in aid for NKorea

Childrens Fund the money Wednesday, and it will be used over the next year, the South Korean Unification Ministry, which is responsible for ties with North Korea, said in a statement. agency in 2011. Seoul blames North Korea for attacks in 2010 that killed 50 South Koreans. Park has vowed a tough response to any North Korean provocations but has also supported a policy meant to build trust and encourage dialogue with Pyongyang. The South Korean ministry also approved about $700,000 for a project allowing people in the South to leave video messages for family members in the North they were separated from because of the 19501953 Korean War. Many elderly people fear theyll die before reuniting with their loved ones. The announcement of the $6 million in aid comes as the two Koreas remain deadlocked over efforts to restart a jointlyrun factory park in North Korea that has been shuttered since Pyongyang withdrew its workers in April. North Korea unleashed a Advertisement

torrent of threats in March and April, including vows of nuclear strikes on Washington and Seoul. sanctions over Pyongyangs February nuclear test. The rival Koreas have had six unsuccessful rounds of talks meant to restart the Kaesong industrial complex, which was the last symbol of interKorean cooperation. But Pyongyang hasnt responded to a call by Seoul in late July for another round of talks.