Business
Finavera Reports Results of Annual General and Special Shareholder Meeting
VANCOUVER , June 18, 2013 /CNW/ - Finavera Wind Energy Inc. ('Finavera') (TSX-V: FVR) ...
About this update from Solar Alliance Energy Inc.
[{"type":"text","content":"\n\n\nVANCOUVER, June 18, 2013 /CNW/ - Finavera Wind Energy Inc. ('Finavera') (TSX-V: FVR) is pleased to announce the results of its Annual General\n and Special Shareholder Meeting on June 14, 2013.\n\n\nShareholders voted in favour of all items of business.  A total of\n 9,480,551 or 23.91% of the issued common shares as of the record date\n for the meeting were voted, as follows:\n\n\nRegarding the Asset Sale Resolution authorizing the sale the Company's\n interest in the Tumbler Ridge Wind Energy Project and the Meikle Wind\n Energy Project to Pattern Renewable Holdings Canada ULC, shareholders\n voted 9,385,001 shares or 98.99% in favour of the transaction, meeting\n the required hurdle of 66.67% of shareholders voting at the meeting to\n approve the transaction.\n\n\nRegarding the election of directors:\n\n\nDirector\n\n\nVotes by Ballot in Favour\n\n\nVotes by Ballot Withheld\n\n\nTom Anderson\n\n\n7,287,351 (76.9%)      \n\n\n2,193,200 (23.1%)      \n\n\nJason Bak\n\n\n7,155,961 (75.5%)      \n\n\n2,324,590 (21.5%)      \n\n\nDavid Lamont\n\n\n7,254,351 (76.5%)      \n\n\n2,226,200 (23.5%)      \n\n\nHein Poulus\n\n\n7,253,551 (76.5%)      \n\n\n2,227,000 (23.5%)      \n\n\n\n\n\nShareholders also voted 99.63% in favour of setting the number of\n Directors at four, voted 75.68% in favour of the Company's Stock Option\n Plan and voted 99.92% for the appointment of KPMG LLP as auditors of\n the Company.\n\n\nJason Bak, CEO stated, \"Shareholders have voted overwhelmingly in\n support of the Directors and the transaction to sell two of our wind\n projects to Pattern Energy.  We are completely aligned with Pattern\n Energy to progress these projects to operation and will continue to\n provide Pattern with ongoing support in order to facilitate the key\n milestone of construction financing.\"\n\n\nBak continues, \"Finavera will be in the enviable position of being debt\n free with cash reserves in a market with a number of cash starved\n opportunities.  We have embarked on a review of various revenue\n generating acquisitions with exceptional growth potential and will\n conti...