Finavera Wind Energy Closes Private Placement

Posted by NAW Staff on April 20, 2012 No Comments
Categories : FYI

Vancouver, British Columbia-based Finavera Wind Energy Inc. says it has closed a C$179,460 non-brokered private placement consisting of 535,700 units at a price of C$0.335 per unit. Each unit consists of one common share and share purchase warrant, with each warrant exercisable at C$0.50 for 12 months from the date of closing of the private placement.

Shares issued pursuant to this private placement are subject to a four-month hold. The company says it has received final approval from the TSX Venture Exchange for the private placement.

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Finavera Wind Energy Closes Private Placement

Posted by NAW Staff on January 03, 2012 No Comments
Categories : FYI

Finavera Wind Energy Inc. has announced that it has closed a $442,530 non-brokered private placement announced on Dec. 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 warrant, with each full warrant exercisable at $0.55 for 12 months from the date of closing of the private placement. Shares issued pursuant to this private placement are subject to a four-month hold.

The company has received final approval from the TSX Venture Exchange for the private placement. Proceeds of the placement will be used for general working capital, Finavera says.

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