China Wind Power Grants Stock Options
July 14 2011 - 11:42AM
PR Newswire (Canada)
TORONTO, July 14, 2011 /CNW/ -- TORONTO, July 14, 2011 /CNW/ -
China Wind Power International Corp. (TSX-V: CNW) (the "Company"),
an independent wind power producer in China, announced that, on
July 12, 2011 (the "Grant Date"), the Company granted 1,811,300
stock options (the "Options") to directors, management and its
employees, including 430,000 Options granted to insiders of the
Company. The Options have a five year term commencing from the
Grant Date and are exercisable at a price of $1.00 per share. The
Options will vest as follows: -- 25% on the Grant Date -- 25 % on
the first anniversary of the Grant Date -- 25 % on the second
anniversary of the Grant Date -- 25 % on the third anniversary of
the Grant Date The Options are granted pursuant to the Company's
stock option plan which was approved by shareholders at the
Company's annual general meeting of shareholders held on December
2, 2010. The Company's stock option plan and grant of the Options
are subject to the final approval of the TSX Venture Exchange.
About China Wind Power International Corp. China Wind Power
International Corp. is an Ontario company that is uniquely
positioned to capitalize on the growing demand for wind power in
China. The Company indirectly holds the exclusive rights for
wind energy development in Du Mon County, Heilongjiang Province,
which has a demonstrated potential installed capacity of 1,150 MW
of wind energy developable over an area of 612 square km.
While 1,150 MW represents the Company's long-term potential for
wind power in the area, its current plans are for building out
approximately 800 MW over five development phases. The
Company's common shares are listed on the TSX Venture Exchange
under the symbol "CNW". The Company has approximately 63.9 million
shares outstanding. For more information and the latest updates on
China Wind Power, visit our investor relations blog at
http://chinawindpower.posterous.com or follow us on Twitter at
http://twitter.com/ChinaWindPower Forward-looking statements
Certain statements that are not historical facts made in this press
release may be forward looking statements subject to risks and
uncertainties. Statements containing words such as "will", "could",
"expect", "may", "anticipate", "believe", "intend", "estimate",
"plan" and other similar expressions are forward-looking statements
that represent management's beliefs at the time the statements are
made and are based on certain factors and assumptions including the
exercise price of the Options, wind farm construction and
commercial production schedule, output and capacity, revenue and
earnings expectations and market potential. These forward-looking
statements are subject to a variety of risks and uncertainties and
other factors that could cause actual events to differ materially
from those projected in forward-looking statements. Important
factors that could cause actual results to differ materially from
the Company's expectations include uncertainties involving the
availability of financing; fluctuations in currency exchange rates;
uncertainties relating to economic and market conditions;
uncertainty of estimates of capital and operating costs; the
need to obtain additional financing to develop the projects and
uncertainty as to the availability and terms of future financing;
the possibility of delay in construction projects and uncertainty
of meeting anticipated program milestones; uncertainty as to timely
availability of permits and other governmental approvals; and other
risks and uncertainties disclosed in the information circular dated
November 5, 2010, which is available at www.sedar.com under the
Company's profile. Except as required by applicable securities
laws, the Company undertakes no obligation to update any forward
looking statement to reflect events or circumstances after the date
on which such statement is made. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. To view this news release
in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/July2011/14/c5429.html
table cellspacing="0" border="0" tr valign="top" td align="left"
Wendell Zhangbr/ Chief Financial Officerbr/ China Wind Power
International Corp.br/ Tel: 416-916-4205br/ a
href="mailto:wzhang@chinawindpowerinternational.com"wzhang@chinawindpowerinternational.com/a
/td td valign="top" align="left" Philip Dalebr/ Investor
Relationsbr/ TMX Equicombr/ Tel: 416-815-0700 ext 253br/ a
href="mailto:pdale@equicomgroup.com"pdale@equicomgroup.com/a
/td /tr /table p /p
Copyright
China Wind Power International Corp. (TSXV:CNW)
Historical Stock Chart
From Jun 2024 to Jul 2024
China Wind Power International Corp. (TSXV:CNW)
Historical Stock Chart
From Jul 2023 to Jul 2024