By Devika Patel
Knoxville, Tenn., May 3 - China Wind Power International Corp. said it plans a C$5 million non-brokered private placement of stock.
The company will sell shares at C$1.05 per share.
Settlement is expected May 10.
Proceeds will be used for working capital and general corporate purposes.
Toronto's China Wind Power is a wind energy developer.
| Issuer: | China Wind Power International Corp.
|
| Issue: | Stock
|
| Amount: | C$5 million
|
| Price: | C$1.05
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | May 3
|
| Settlement date: | May 10
|
| Stock symbol: | TSX Venture: CNW
|
| Stock price: | C$1.24 at close April 30
|
| Market capitalization: | C$71.1 million
|
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