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April 13, 2012

 

VANCOUVER, Canada, April 13th, 2012 – Finavera Wind Energy Inc. (“Finavera” or the “Company”) (TSX-V: FVR) announces plans to raise up to $180,000 through a non-brokered private placement of approximately 540,000 units at a price of $0.335 per unit. Each unit consists of one common share and one share purchase warrant exercisable at $0.50 for 12 months from the date of closing of the private placement.

Proceeds of the placement will be used for general working capital. The private placement is subject to TSX Venture Exchange approval. 

Jason Bak, CEO

Statements in this news release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, constitute Forward-looking statements. The words “would”, “will”, “expected” and “estimated” or other similar words and phrases are intended to identify forward-looking information. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different than those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the ability to raise sufficient capital, changes in economic conditions or financial markets, litigation, legislative or other judicial, regulatory and political competitive developments and technological or operational difficulties. Consequently, actual results may vary materially from those described in the forward-looking statements.

 

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."