in News Departments > FYI
print the content item

Halifax, Nova Scotia-based Shear Wind has closed its previously announced private placement consisting of the issuance of 3.5 million units at a price of $0.47 per unit for total proceeds of $1.7 million.

Each unit includes one common share and one-half of one purchase warrant, with each full warrant entitling the holder to purchase one additional common share at a price of $0.55 within 24 months of closing.

The common shares and warrants will be subject to a four-month hold period. Blackmont Capital Inc. received a cash commission of $160,150 in connection with facilitating the private placement.

The proceeds from the private placement will be used to further develop Shear Wind's Glen Dhu Wind Project in Nova Scotia.

SOURCE: Shear Wind Inc.


Trachte Inc._id1770
Latest Top Stories

Canadian Wind Industry Urges For More Federal Support

The Canadian Wind Energy Association says the country's federal government, once a big industry supporter, should again back wind power.


Wind And Solar Helped California Grid During Challenging Summer

According to the California Independent System Operator, the state suffered from heat waves and drought this year, and wind power played a "significant role" in keeping the lights on.


Recapping The Wind Industry's Third-Quarter Deals

Mercom Capital Group recaps investment and merger and acquisition activity during July, August and September.


Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.

Hybrid Energy Innovations 2015
BG 2015DblBox_id2032
Renewable NRG_id1934
Canwea_id1984