| Finavera Renewables Extends Warrants |
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Finavera Renewables Inc. ('Finavera
Renewables' or the 'Company') (TSX VENTURE:FVR) announces that is has
applied to the TSX Venture Exchange to extend the term of all 21,000,000 share
purchase warrants issued pursuant to the December 2007 private placement at a
price of $0.15 per share, for one year. The Company has also applied to extend
the term of 10,020,000 share purchase warrants issued pursuant to the November
2008 private placement. The warrants, exercisable at $0.10 per share and
initially issued for a term of twelve months, will also be extended by one
year.
The extensions are subject to TSX Venture Exchange approval. Jason Bak, CEO About
Finavera Renewables Inc. (www.finavera.com) This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This press release contains "forward-looking information" that is based on Company's current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to the strength of the Company's proposed wind farms, outlooks and business strategy. 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. This list is not exhaustive of the factors that may affect the Company's forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise. The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy or accuracy of, this release. |
