Finavera Wind Energy to price C$5 million private placement of stock

Proceeds will develop portfolio of wind projects in British Columbia

By Devika Patel

Knoxville, Tenn., March 8 - Finavera Wind Energy Inc. said it plans a private placement of stock. The offering will raise C$5 million by selling flow-through common shares.

The deal will be conducted by a syndicate of agents led by NCP Northland Capital Partners Inc. and including Versant Partners Inc.; Macquarie Private Wealth Inc. will also participate in the deal, which will price in the context of the market.

Proceeds will be used for development of the company's portfolio of wind projects in British Columbia.

Finavera is a wind energy development company based in Vancouver, B.C.

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