Canadian Hydro To Acquire Vector Wind Energy

NAW Staff, Friday 13 October 2006 - 09:44:27

Canadian Hydro Developers Inc. and Vector Wind Energy Inc. recently announced Canadian Hydro will acquire all of the issued and outstanding common shares of Vector at C$0.30 per share (C$6.3 million). The all-cash acquisition is pending shareholder and all necessary regulatory approvals.

The acquisition will position Canadian Hydro for wind development opportunities in Manitoba and provide the company with additional wind prospects in Ontario.

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