Finavera Wind Energy Provides Update on Corporate Transaction

VANCOUVER, Oct. 5, 2012 /CNW/ - Finavera Wind Energy Inc. ('Finavera Wind 
Energy' or the 'Company') (TSX-V: FVR) is pleased to provide an update on the 
current discussions relating to the acquisition of the Company. 
Finavera has expanded its discussions with four potential bidders for the 
Company. These discussions are at an advanced stage and initial offers are 
expected shortly. 
In addition, there are a number of new entrants who have signed Non-Disclosure 
Agreements and are currently reviewing data in the Company's data room and 
conducting initial due diligence. Capital West Partners, an experienced 
merger and acquisitions advisor, is responding to their inquiries and will 
review offers received. Capital West will then present its recommendation to 
the Special Committee of the Board, which is composed of four independent 
directors. The Special Committee is charged with ensuring that the review of 
a proposed transaction is made without conflict of interest between the 
Company and its directors, controlling shareholders and management. 
The four potential bidders in advanced discussions with the Company have 
completed significant due diligence including thorough reviews of the 
Company's documentation, site visits to a number of project locations, 
confirmation of turbine supply pricing and construction costs and an 
assessment of the financial returns from the projects. Finavera is moving 
expeditiously to consummate a transaction in the near term. 
Jason Bak, CEO 
About Finavera Wind Energy Inc. (www.finavera.com)
Finavera Wind Energy is a company focused on developing, constructing and 
operating wind farms in North America and Ireland. Our mission is to create 
and operate a diversified portfolio of wind projects while protecting and 
enhancing the physical and social environment. In British Columbia, Canada, 
four projects totaling 300 MW have been awarded 25 year AAA-rated Electricity 
Purchase Agreements and one has received full environmental approval and 
permitting for construction, expected to begin in 2013. In Ireland, the 
Company has signed a partnership agreement with SSE plc for development of the 
105MW Cloosh Valley Wind Project. Finavera is continuing to opportunistically 
review prospects for growth and the enhancement of shareholder value. 
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." 
Finavera Wind Energy Jason Bak CEO +1 (604) 288-9051 info@finavera.com  
Capital West Partners Paul Langley Partner +1 (604) 718-6809 paul@capwest.com 
SOURCE: Finavera Wind Energy Inc. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/October2012/05/c4684.html 
CO: Finavera Wind Energy Inc.
ST: British Columbia
NI: OIL ENV  
-0- Oct/05/2012 12:30 GMT
 
 
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