Private Placement $180,000
posted on
Apr 14, 2012 12:40PM
Finavera Wind Energy Inc : Finavera Wind Energy Announces $180,000 Private Placement
04/13/2012 | 06:21pm
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