VANCOUVER, Jan. 31, 2014 /CNW/ - Finavera Wind Energy Inc. ('Finavera Wind
Energy', 'Finavera' or the 'Company') (TSX-V: FVR) announces that its Board of
Directors approved the granting of incentive stock options ("Options") under
its stock option plan to certain of its directors and employees to acquire up
to an aggregate of 2,460,000 common shares ("Common Shares") of the Company.
All of such Options are exercisable for a period of five years at a price of
$0.085 per Common Share.
Finavera's stock option plan was approved by shareholders at the Company's AGM
and Special Shareholder Meeting on June 14, 2013 and currently limits the
issuance of Options to no more than 10% of the outstanding Common Shares.
Jason Bak, CEO
About Finavera Wind Energy Inc. (www.finavera.com) Finavera Wind Energy is a
company focused on developing renewable energy opportunities. Our mission is
to create and operate a diversified portfolio of renewable energy projects
while protecting and enhancing the physical and social environment. Finavera
has developed over 360MW of wind projects and subsequently sold them to
utilities or large independent power producers. Finavera is continuing to
opportunistically review prospects for growth and the enhancement of
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."
SOURCE Finavera Wind Energy Inc.
Finavera Wind Energy, Jason Bak, CEO, +1 (604) 288-9051, firstname.lastname@example.org
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CO: Finavera Wind Energy Inc.
ST: British Columbia
NI: ENV OIL
-0- Feb/01/2014 01:29 GMT
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