| Symbol | Last | Change |
|---|---|---|
| FVR.V | 0.165 | 0.000 |
Renewing what’s possible
Stock Update
May 26, 2010
Vancouver, Canada, May 26th, 2010 – Finavera Renewables Inc. (‘Finavera Renewables’ or the ‘Company’) (TSX-V: FVR) announces that it has arranged a $500,000 unsecured development loan. The loan has a one year term with an annual interest rate of 12%. It is anticipated that 2,900,000 share purchase warrants will be issued to the lender, with each warrant exercisable at $0.10 for 12 months from the date of closing of the loan.
Proceeds of the loan will be primarily used for ongoing wind project development and general working capital. The development loan is subject to TSX Venture Exchange approval.
Jason Bak, CEO