Canadian Solar negotiates $50 million at-the-market equity offering

Financing will sell company's common shares via agent Credit Suisse

By Devika Patel

Knoxville, Tenn., Aug. 15 - Canadian Solar Inc. negotiated a $50 million an at-the-market equity offering with Credit Suisse, according to a 6-K filed Thursday with the Securities and Exchange Commission.

Proceeds will be used for general corporate purposes, which may include solar power project development expenses and working capital.

Canadian Solar is a Markham, Ont.-based solar power components producer. It conducts all of its manufacturing operations in China.

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