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GLOBAL RENEWABLES ONLINE - JANUARY 2012
FINAVERA WIND ENERGY CLOSES
$442,530 PRIVATE PLACEMENT
VANCOUVER, Dec. 30, 2011 /
CNW/ - Finavera Wind Energy Inc.
(“Finavera” or the “Company”)
(TSXV: FVR) is pleased to announce
it has closed a $442,530 non-bro-
kered private placement announced
on December 14, 2011. The private
placement consists of 983,400 units
at a price of $0.45 per share. Each
unit consists of one common share
and one half share purchase war-
rant, with each full warrant exercis-
able at $0.55 for 12 months from the
date of closing of the private place-
ment. Shares issued pursuant to
this private placement are subject to
a four month hold.
The Company has received final
approval from the TSX Venture Ex-
change for the private placement.
Proceeds of the placement will be
used for general working capital.
Insider participating in the place-
ment: Thomas Anderson.
Jason Bak, CEO
ABOUT FINAVERA WIND ENERGY INC.
(WWW.FINAVERA.COM)
Finavera Wind Energy is a wind
energy development company fo-
cused on developing, constructing,
and operating wind farms in North
America and Ireland. Our mission
is to create and operate a viable re-
newable energy business while pro-
tecting and enhancing the physical
and social environment. In British
Columbia, Canada, projects totaling
301 MW have been awarded 25 year
Electricity Purchase Agreements. In
Ireland, the Company has signed a
co-development agreement with SSE
plc and Coillte Teoranta (the Irish
Forestry Board) for the development
and construction of Ireland’s largest
wind farm, the 105MW Cloosh Val-
ley Wind Project. Data collection
and environmental studies have
also been continuing at a number of
prospective sites in Canada and the
United States.
WESTERN WIND TAKES DELIVERY OF
US $12 MILLION OF SOLAR PANELS
AND SECURES US CASH GRANT
Toronto Stock Exchange (Venture)
Symbol: “WND”
VANCOUVER, Dec. 29, 2011 /
CNW/ - Western Wind Energy Corp.
-- (Toronto Venture Exchange --
“WND”) (OTCQX -- “WNDEF”), is
pleased to announce that it has
signed a Module Supply Agreement
(“MSA”) with a leading international,
multi-billion dollar photo voltaic
panel manufacturer for 42 MW DC
(30 MW AC) for its Yabucoa Project
located in Puerto Rico.
The panels have been delivered
and Western Wind Energy has taken
WIND NEWS
WIND - NEWS
** NEWS COURTESY OF CANADA NEWSWIRE