New Issue: Cascade Wind raises $4.01 million through private placement of shares

By Devika Patel

Knoxville, Tenn., May 14 - Cascade Wind Corp. settled a second and final tranche of a $4.01 million private placement of stock for $1.01 million on May 14, according to an 8-K filed Friday with the Securities and Exchange Commission.

The company raised $3 million on April 28. Jesup & Lamont Securities Corp. was the agent.

The company sold 4,010,500 common shares at $1.00 apiece, along with 35% warrant coverage. The warrants are exercisable at $1.25 for three years.

The Portland, Ore., company makes and sells wind turbine systems.

Issuer:	Cascade Wind Corp.
Issue:	Common stock
Amount:	$4,010,500
Shares:	4,010,500
Price:	$1.00
Warrants:	35% coverage
Warrant expiration:	Three years
Warrant strike price:	$1.25
Agent:	Jesup & Lamont Securities Corp.
Settlement date:	April 28 (for $3 million), May 14 (for $1,010,500)
Stock symbol:	OTCBB: CWDO
Stock price:	$5.25 at close May 14
Market capitalization:	$48.7 million

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