VANCOUVER, May 4, 2015 /CNW/ - Finavera Wind Energy
Inc. ('Finavera Wind Energy', 'Finavera' or the 'Company')
(TSX-V: FVR) announces that it has adopted the advance notice
provisions (the "ANP") as discussed and approved by shareholders at
the Company's 2014 Annual General Meeting held on September 12, 2014, regarding nominations for the
election of directors at meetings of shareholders. The ANP
requires, among other things, advance notice to the Company in
certain circumstances where a shareholder of the Company intends to
nominate persons for election to the Board.
The ANP establishes deadlines by which a registered shareholder
must submit to the Company prior to any annual or special meeting
of shareholders at which directors are to be elected the names and
certain other information on any proposed nominee.
The deadline for notice to the Company in the case of an annual
meeting of shareholders is not less than 30 nor more than 65 days
prior to the date of the annual meeting; provided, however, that in
the event that the annual meeting is to be held on a date that is
less than 50 days after the date on which the first public
announcement of the date of the annual meeting was made, notice may
be made not later than the close of business on the 10th day
following such public announcement.
The deadline for notice to the Company in the case of a special
meeting of shareholders (which is not also an annual meeting), is
not later than the close of business on the 15th day following the
day on which the first public announcement of the date of the
special meeting was made.
The ANP is in effect and will apply to the next Annual General
Meeting. The full text of the ANP is available on SEDAR at
www.sedar.com.
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 energy 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 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
includes the anticipated completion of the transaction and the
related closing timeline and structure. 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, results of due
diligence investigations, 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.
Completion of the transaction is subject to a number of
conditions, including Exchange acceptance and board approval. There
can be no assurance that the transaction will be completed as
proposed or at all. Trading in the securities of Finavera Wind
Energy should be considered highly speculative.
The TSX Venture Exchange has in no way passed upon the merits
of the proposed transaction and has neither approved nor
disapproved the contents of this press release.
SOURCE Finavera Wind Energy Inc.