Finavera Closes Shares for Debt

VANCOUVER, May 8, 2013 /CNW/ - Finavera Wind Energy Inc. ('Finavera Wind 
Energy', 'Finavera' or the 'Company') (TSX-V: FVR) announces that following 
TSX Venture Exchange approval 321,433 shares ('Settlement Shares') have been 
issued at a price of $0.21 to extinguish outstanding debt for $67,501.37. 
The shares issued are greater than the amount announced on April 3(rd), 2013 
as additional debt holders were included in the transaction. The Settlement 
Shares issued to insiders will be subject to a four-month hold period from the 
date on which the shares are issued. 
Jason Bak, CEO states, "Certain debt holders understand the impact of the 
recently announced transaction for the sale of two of our wind energy projects 
and they agreed to receive shares of the Company in lieu of cash. We 
continue to look for ways to pay down debt and aggressively manage our burn 
rate as we embark on a fiscally prudent review of new opportunities." 
Jason Bak, CEO 
About Finavera Wind Energy Inc. (
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 
SOURCE: Finavera Wind Energy Inc. 
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CO: Finavera Wind Energy Inc.
ST: British Columbia
-0- May/09/2013 01:39 GMT
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