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Published on 9/11/2008 in the Prospect News PIPE Daily.

Winalta nixes C$10 million private placement of units

By Devika Patel

Knoxville, Tenn., Sept. 11 - Winalta Inc. announced that, due to "significant weakness" in the capital markets, it will not proceed with a C$10 million private placement of units that priced Aug. 20.

Based in Edmonton, Alta., Winalta manufactures modular homes and site-built homes.


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