Press release from CNW Group
Finavera Wind Energy Holds Annual General Meeting
Wednesday, September 14, 2011
VANCOUVER, Sept. 14, 2011 /CNW/ - Finavera Wind Energy Inc. ("Finavera" or the "Company") (TSX-V: FVR) is pleased to announce the completion of its 2011 Annual General Meeting ("AGM"). Shareholders re-appointed Hein Poulus (Chairman), Jason Bak (CEO), Ian Harvey, Olga Ilich, and David Lamont to the Board of Directors. All of the proposed resolutions were passed at the AGM including the approval of the Company's rolling stock option plan.
Finavera Wind Energy CEO Jason Bak said, "Finavera has reached several significant milestones this year and we anticipate an exciting year ahead. We continue to work on finalizing financing and turbine supply agreements and environmental applications for our Tumbler Ridge and Wildmare projects. We also continue to make progress on agreements with First Nations partners and selecting construction firms in order to move our near term projects to construction."
Jason Bak, CEO
About Finavera Wind Energy Inc. (www.finavera.com)
Finavera Wind Energy is a wind energy development company focused on developing, constructing, and operating wind farms in North America and Ireland. Our mission is to create and operate a viable renewable energy business while protecting and enhancing the physical and social environment. In British Columbia, Canada, projects totaling 301 MW have been awarded 25 year Electricity Purchase Agreements. In Ireland, the Company has signed a co-development agreement with Scottish and Southern Renewables for the 105MW Cloosh Valley Wind Project. Data collection and environmental studies have been continuing at a number of prospective sites in Canada and the United States.
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."
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