New Issue: Vector Wind Energy closes C$1.3 million private placement

By Sheri Kasprzak

Atlanta, Jan. 7 - Vector Wind Energy Inc. has wrapped a private placement for C$1,332,700.

The company sold 3,246,750 flow-through shares at C$0.40 each and 85,000 common-share units at C$0.40 each.

The units were comprised of one share and one half-share warrant. The whole warrants allow for an additional share at C$0.50 each for two years.

Based in Ottawa, Vector develops wind energy projects. The company plans to use the proceeds from the offering for exploration and development and for general corporate purposes.

Issuer:	Vector Wind Energy Inc.
Issue:	Units and flow-through shares
Amount:	C$1,332,700
Settlement date:	Jan. 7
Flow-through shares
Issue:	Flow-through shares
Shares:	3,246,750
Price:	C$0.40
Warrants:	No
Units
Issue:	Units of one share and one half-share warrant
Units:	85,000
Price:	C$0.40
Warrants:	One half-share warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.50

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