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BlackBerry Limited Message Board

aditc31 3 posts  |  Last Activity: Apr 23, 2014 11:28 AM Member since: Jan 12, 2012
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  • Thanks for your patience while following the Company. A transaction like this took a long time as we were dealing with a number of stakeholders including five First Nations, the monolithic BC Hydro, provincial politics and many technical issues as we resized the Meikle project to 184MW.

    Re: news on a new opportunity, unfortunately it’s a similar answer to what I gave you before – please stand by. I cannot disseminate news to you, before other shareholders. It will be within the short term however.

    Regards,
    Description: finavera wind energy_large-01

    Jason Bak

  • Reply to

    News

    by aditc31 Apr 17, 2014 9:52 AM
    aditc31 aditc31 Apr 17, 2014 12:58 PM Flag

    aaaand...nothing happens to the pps.....sigh

  • aditc31 by aditc31 Apr 17, 2014 9:52 AM Flag

    Finavera Completes Sale of Wind Assets to Pattern Energy
    VANCOUVER, April 17, 2014 /CNW/ - Finavera Wind Energy Inc. ('Finavera Wind Energy', 'Finavera' or the 'Company') (TSX-V: FVR), Pattern Renewable Holdings Canada ULC, a subsidiary of Pattern Energy Group LP ('Pattern') have completed the Purchase and Sale Agreement for 184 megawatts (MW) of wind projects, previously announced on April 29th, 2013, for gross cash consideration of $28 million.

    Concurrent with closing, Finavera has received consideration of $9.3 million from Pattern. Commencement of construction site activities on the 184MW Meikle Project is expected in early 2015, with the balance of funds due to be paid to Finavera at the close of construction financing, subject to receipt of required permits and approvals. For more information on project timelines, please see www.meiklewind.com.

    The closing of the Pattern transaction provides a solid platform for the next stage in Finavera's development. Further information on the Company's strategic plan will be released in the short term.

    Jason Bak, CEO

BBRY
11.51+0.17(+1.49%)Jul 11 4:00 PMEDT

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