By Sheri Kasprzak
New York, March 14 - Keewatin Windpower Corp. intends to raise up to $1.2 million in a non-brokered private placement.
The deal includes up to 1 million shares.
Proceeds will be used for pre-development costs related to the company's proposed wind-power development project in southwestern Saskatchewan. The rest will be used for working capital.
Based in Vancouver, B.C., Keewatin operates wind-power projects.
| Issuer: | Keewatin Windpower Corp.
|
| Issue: | Stock
|
| Amount: | $1.2 million
|
| Shares: | 1 million
|
| Price: | $1.20
|
| Warrants: | No
|
| Placement agent: | Non-brokered
|
| Pricing date: | March 14
|
| Stock symbol: | OTCBB: KWPW
|
| Stock price: | $1.36 at close March 14
|
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