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Article: Shear Wind Inc. Announces Closing of Private Placement.
- Article from:
- Marketwire Canada
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HALIFAX, NOVA SCOTIA and CALGARY, ALBERTA, Nov 5, 2009 (Marketwire via COMTEX) -- Shear Wind Inc. ("Shear Wind") (TSX VENTURE:SWX) announces the successful closing along with the final TSX Venture Exchange approval of the private placement ("Private Placement") with Genera Avante Holdings Canada Inc. ("GAHC"), an indirectly owned subsidiary of Inveravante Inversiones Universales, S.L. ("Inveravante"), resulting in the issuance of 96,439,595 common shares of Shear Wind to GAHC at a price of $0.2792 per common share such that GAHC now holds approximately 62% of the common shares of Shear Wind, on a fully-diluted basis. All securities of Shear Wind issued in connection with ...