Wind Works Power Corp. Increases Stake in Key Ontario Project to 100%
Source: http://smallcapvoice.com/blog/wind-works-power-corp-increases-stake-in-key-ontario-project-to-100/Posted on Friday, November 6th, 2009 | In Investing Lessons, Small & Micro Cap
OTTAWA, ONTARIO — (Marketwire) — 11/06/09 — Wind Works Power Corp. (OTCBB: WWPW)(FRANKFURT: R5E1)(WKN: AOKE72) is pleased to announce that they have signed an agreement to increase their equity interest from 50% to 100% in Settlers Landing Wind Park. The agreement calls for the issuance of 300,000 restricted common shares of Wind Works stock, and the payment in cash of $450,000, the latter subject to milestones.
As part of the acquisition of Zero Emission People, announced October 27, 2009, Wind Works acquired a 50% interest in Settlers Landing, a 10 megawatt wind energy project located near Pontypool, in Ontario, Canada.
“Settlers Landing is a key project in our portfolio and we are very excited about the opportunity to increase our equity stake to 100%,” commented Dr. Ingo Stuckmann, CEO and director of Wind Works. “With this project, we have the opportunity to create an investment value of over $30 million. It is our intention to continue increasing our equity stake in projects that we feel have exceptional value and a strong leverage opportunity. In addition, and in line with the new green economy at the doorstep in Ontario, this wind park saves Ontario about 10,000 tons of CO2 Emissions, every year!”
Project Highlights:
Settlers Landing Wind Park has been developed in an area of high elevation. Annual mean wind speeds are modeled at over 6.8 meters per second at an 80 m hub height. Environmental studies are near completion and the project is eligible for a Feed-in Tariff application during the Ontario Power Authority launch period. The company intends to submit an application for the FIT Power Purchase Contract fixed at C$135.00/MWh over a 20-year term on or before the November 30, 2009 deadline. The project will be construction ready in 2011.
About Wind Works
Wind Works’ mission is to become a leading developer of wind energy projects in North America. For more information, please visit: www.windworkspower.com
About Zero Emission People
The vision of Zero Emission People is to provide the opportunity for anyone to invest early in the development of renewable wind energy projects. As an example, as little as a $10,000 investment in a wind park blows away a person’s carbon footprint. We believe in making sound, environmentally conscious investments that are good for all shareholders, people and our planet.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the company’s control, inability to successfully conclude negotiations currently in progress, and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission.
Contacts:
Wind Works Power Corp.
Investor Relations
1-877-301-9748
www.windworkspower.com
Related posts
Last 5 posts by Stuart T. Smith
- 11-18-09 Audio Interview with One World Ventures, Inc. (OTCPK: OWVI) - November 20th, 2009
- 11-20-09 Daily Small Cap Market News and Stock Highlights from SmallCapVoice.com - November 20th, 2009
- MoneyTV With Donald Baillargeon, 11/20 - November 20th, 2009
- Gen2Media to support Mary J. Blige at American Music Awards on Sunday - November 20th, 2009
- 11-19-09 Audio Interview with Metatron Inc. (OTCPK: MRNJ) - November 19th, 2009
![]() About Stuart Smith (http://www.smallcapvoice.com)
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide. Known for its ability to help emerging growth companies build a following among retail and institutional investors, SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its client's financial news releases. SmallCapVoice.com also offers individual investors with all the tools they need to make informed decisions about the stocks they are interested in. Tools like our stock charts, stock alerts, and our investor fact sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. Small Cap Voice SCV is an electronic publication, and is for informational purposes only. The stocks profiled by SCV are only company profiles and are not intended to be and should not be accepted by you as recommendations to buy or sell in these securities. These profiles are compiled from publicly available sources. Our sources include, but are not limited to, online research, company profiles, member suggestions, magazines, newspapers, analyst suggestions, broker recommendations, contact with the company, company rumors, press releases and other similar information sources. All profiles are based on information that is accessible by the public. Investing in stocks involves risk. SCV is not and does not hold itself out to be a registered broker or dealer or other licensed securities professional. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. Contact: Stuart T. Smith CEO 512-267-2430 ssmith@smallcapvoice.com http://www.smallcapvoice.com |




