Business
Finavera Wind Energy Inc. Prices Previously Announced Flow-Through Financing
Mar. 11, 2011 (Canada NewsWire Group) -- VANCOUVER, March 11 /CNW/ - Finavera Wind Energy In...
About this update from Solar Alliance Energy Inc.
[{"type":"text","content":"\n\n\n Mar. 11, 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\nVANCOUVER, March 11 /CNW/ - Finavera Wind Energy Inc. ('Finavera Wind Energy' or the 'Company') (TSX-V: FVR) is pleased to announce the pricing of the brokered\n financing previously announced on March 7, 2011, to sell up to\n $5,000,000 of flow-through shares (the "Offering").  The shares will be\n offered at a price of $0.94 per flow-through share. The Offering is led\n by NCP Northland Capital Partners Inc., in a syndicate that includes\n Versant Partners Inc. (collectively the "Agents"). Macquarie Private\n Wealth Inc. is also participating in the placement as a "special\n selling group member".  At the option of the Agents, the Offering may\n be increased by 15% on the same terms and conditions.  Any shares\n issued in conjunction with the Offering will be subject to a four month\n hold period.\n\n\nThe gross proceeds from the sale of flow-through shares will be used for\n the continued development of the Company's portfolio of wind projects\n in British Columbia. The portfolio includes the 77 megawatt ("MW")\n Wildmare, 47 MW Tumbler Ridge, 117 MW Meikle, and 60 MW Bullmoose Wind\n Energy Projects which all have 25 year Electricity Purchase Agreements\n with BC Hydro. The Wildmare and Tumbler Ridge projects have also\n recently passed the screening stage of the British Columbia\n Environmental Assessment process and will enter the Application Review\n sta...