North American Windpower: Creststreet Power Acquires 100% Control Of Mount Copper

Creststreet Power Acquires 100% Control Of Mount Copper

by NAW Staff on Monday 27 November 2006

Calgary, Alberta-based Creststreet Power & Income Fund LP has gained 100% voting and operational control of Mount Copper Wind Power Energy Inc., the owner and operator of Creststreet's 54 MW wind farm in Quebec.

Creststreet gained control of Mount Copper by acquiring the Class B shares and the management services agreement held by 3Ci Inc., its joint venture partner at Mount Copper, representing all of 3Ci's interests in Mount Copper.

Creststreet adds that the purchase price of $4 million has been funded by its cash funds.

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