VANCOUVER, June 24, 2015 /CNW/ - Finavera Wind Energy
Inc. ('Finavera Wind Energy', 'Finavera' or the 'Company')
(TSX-V: FVR) is pleased to announce that the Management Cease Trade
Order ("MCTO"), announced on May 1,
2015, has been revoked by the British Columbia Securities
Commission (the "BCSC") and is no longer in effect.
The Company made an application for the MCTO as a result of a
delay in the filing of annual financial statements, accompanying
management's discussion and analysis and related CEO and CFO
certifications for the financial year ended December 31, 2014 by April
30, 2015. The Q1 results due by May
31, 2015 were also delayed and included in the MCTO.
The relevant financial statements have now been filed and the MCTO
has been revoked.
Jason Bak, CEO
About Finavera Wind Energy Inc. (www.finavera.com)
Finavera is focusing its renewable energy development efforts on
residential and utility scale solar projects in America. Through
its subsidiary, Solar Alliance of America, Finavera's mission is to
create and operate a diversified portfolio of renewable energy
projects while protecting and enhancing the physical and social
environment. Finavera has developed over 360MW of wind
projects and subsequently sold them to utilities or large
independent power producers.
Statements in this news release, other than purely historical
information, including statements relating to the Company's future
plans and objectives or expected results, constitute
Forward-looking statements. 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.
Consequently, actual results may vary materially from those
described in the forward-looking statements.
"Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
SOURCE Finavera Wind Energy Inc.