Breaking News

RBS First-Half Profit Doubles, Shares Gain as Much as 10% in London
Tweet TWEET

Finavera Reports Results of Annual General and Special Shareholder Meeting

Finavera Reports Results of Annual General and Special Shareholder Meeting 
VANCOUVER, June 18, 2013 /CNW/ - Finavera Wind Energy Inc. ('Finavera') 
(TSX-V: FVR) is pleased to announce the results of its Annual General and 
Special Shareholder Meeting on June 14, 2013. 
Shareholders voted in favour of all items of business. A total of 9,480,551 
or 23.91% of the issued common shares as of the record date for the meeting 
were voted, as follows: 
Regarding the Asset Sale Resolution authorizing the sale the Company's 
interest in the Tumbler Ridge Wind Energy Project and the Meikle Wind Energy 
Project to Pattern Renewable Holdings Canada ULC, shareholders voted 9,385,001 
shares or 98.99% in favour of the transaction, meeting the required hurdle of 
66.67% of shareholders voting at the meeting to approve the transaction. 
Regarding the election of directors: 
 _______________________________________________________________
|   Director |Votes by Ballot in Favour|Votes by Ballot Withheld|
|____________|_________________________|________________________|
|Tom Anderson|  7,287,351 (76.9%)      | 2,193,200 (23.1%)      |
|____________|_________________________|________________________|
|  Jason Bak |  7,155,961 (75.5%)      | 2,324,590 (21.5%)      |
|____________|_________________________|________________________|
|David Lamont|  7,254,351 (76.5%)      | 2,226,200 (23.5%)      |
|____________|_________________________|________________________|
|Hein Poulus |  7,253,551 (76.5%)      | 2,227,000 (23.5%)      |
|____________|_________________________|________________________| 
Shareholders also voted 99.63% in favour of setting the number of Directors at 
four, voted 75.68% in favour of the Company's Stock Option Plan and voted 
99.92% for the appointment of KPMG LLP as auditors of the Company. 
Jason Bak, CEO stated, "Shareholders have voted overwhelmingly in support of 
the Directors and the transaction to sell two of our wind projects to Pattern 
Energy. We are completely aligned with Pattern Energy to progress these 
projects to operation and will continue to provide Pattern with ongoing 
support in order to facilitate the key milestone of construction financing." 
Bak continues, "Finavera will be in the enviable position of being debt free 
with cash reserves in a market with a number of cash starved opportunities. 
We have embarked on a review of various revenue generating acquisitions with 
exceptional growth potential and will continue our process for the next 2 to 6 
months. After completion of the review we anticipate going to shareholders 
for the approval of an acquisition, a special cash dividend or potentially 
both." 
On behalf of the Board,  Jason Bak, CEO 
About Finavera Wind Energy Inc. (www.finavera.com)
Finavera Wind Energy is a company focused on developing 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. In 
Ireland, the Company has signed a partnership agreement with SSE plc for 
development of the 105MW Cloosh Valley Wind Project, which is expected to 
begin construction in 2013. Finavera is continuing to opportunistically review 
prospects for growth and the enhancement of shareholder value. 
About Pattern Energy Group (www.patternenergy.com) 
Pattern Energy Group LP is an independent, fully-integrated energy company 
that develops, constructs, owns, and operates renewable energy and 
transmission assets in the United States, Canada and Latin America. With a 
long history in wind energy, Pattern's highly-experienced team of scientists, 
engineers, construction experts, and legal and financial professionals has 
developed, financed and placed into operation nearly 3,000 MW of wind power 
projects. A strong commitment to promoting environmental stewardship drives 
the Company's dedication to work closely with landowners and communities to 
create premier renewable energy projects. Pattern currently operates 
approximately 1,000 MW of installed wind energy capacity in North America and 
Puerto Rico. The Company's full development pipeline exceeds 3,000 MW of 
renewable energy and transmission projects. Pattern has offices in San 
Francisco, San Diego, Houston, New York, and Toronto. 
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 
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/June2013/18/c9249.html 
CO: Finavera Wind Energy Inc.
ST: British Columbia
NI: OIL ENV 2575 WNEWS  
-0- Jun/18/2013 17:15 GMT