Business
Finavera Wind Energy Announces $5,000,000 Flow-Through Financing
Mar. 7, 2011 (Canada NewsWire Group) -- /THIS PRESS RELEASE, AS REQUIRED BY APPLICABLE CANAD...
About this update from Solar Alliance Energy Inc.
[{"type":"text","content":"\n\n\n Mar. 7, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n/THIS PRESS RELEASE, AS REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR\n DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED\n STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED\n HEREIN/\n\n\nVANCOUVER, March 7 /CNW/ - Finavera Wind Energy Inc. ('Finavera Wind Energy' or the 'Company') (TSXV: FVR) announces that at its discretion it is proposing to complete\n a brokered private placement to sell up to $5,000,000 of flow-through\n shares in the Company (the "Offering"). The Offering will be priced in\n the context of the market. The Offering is led by NCP Northland Capital\n Partners Inc., in a syndicate that includes Versant Partners Inc.\n (collectively the "Agents"). Macquarie Private Wealth Inc. is also\n participating in the placement as a "special selling group member". Any\n shares issued in conjunction with the Offering will be subject to a\n four month hold period.\n\n\nThe Agents will receive a commission of 7% of gross proceeds of the\n Offering, and options equal to 7% of the flow-through shares sold in\n connection with the offering. The options will be exercisable for two\n years following the closing date, at a price equal to the Offering\n price. At the option of the Agents, the Offering may be increased by\n 15% on the same terms and conditions.\n\n\nThe net proceeds from the sale of flow-through shares will be used for\n the c...