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TransAlta files $2B preliminary short-form base

TransAlta Corp. filed a preliminary short-form base shelf prospectus for the potential sale of up to $2 billion worth of securities from time to time.

The Jan. 18 filing covers the sale of common and first preferred shares, warrants, subscription receipts and debt securities.

The company plans to use the sale proceeds for general corporate purposes, including repaying its debt and funding its long-term investment plan and growth projects.