DGAP-News: Greenworld Wind Power Co.Ltd. : Greenworld Wind Power to Acquire Interest in Crestford View Generation Corporation
(firmenpresse) - DGAP-News: Greenworld Wind Power Co.Ltd. / Key word(s): Miscellaneous
Greenworld Wind Power Co.Ltd. : Greenworld Wind Power to Acquire
Interest in Crestford View Generation Corporation
07.12.2011 / 15:07
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Greenworld Wind Power to Acquire Interest in Crestford View Generation
Corporation
Toronto, Canada - December 5, 2011 - Greenworld Wind Power Co. Ltd.
(Greenworld Wind): Deutsche Börse symbol: GWDA (www.greenworldpower.ca),
advised today that it intends to acquire a 40% interest in Crestford View
Generation Corporation (Crestford). The acquisition is to cost a total of
USD 1 million with the transaction expected to close within the first
quarter of 2012.
Crestford is a relatively young privately-owned startup that currently has
applications for 2 mini-hydro projects under review by the Philippine
Renewable Energy Management Bureau (REMB). The projects are located on
the Bukig River in Ambaguio, Nueva Vizcaya. The upper Bukig River project
is expected to have a peak capacity of roughly 4.5 MW, while the lower
Bukig River project is slated for a 2.7 MW capacity.
Funding received from Greenworld will fund the initial feasibility studies
for the 2 projects. The investment is contingent upon initial approval for
the projects being received from the REMB.
Disclaimer&Safe Harbor Statement:
This release may contain certain 'forward-looking statements' with respect
to certain of Greenworld Wind Power Co. Ltd.'s plans, goals and
expectations regarding its future financial condition, performance,
results, strategy and objectives. Words such as 'anticipates', 'expects',
'intends', 'plans', 'believes', 'seeks', 'estimates', 'may', 'could',
'would', 'might', 'will' and variations of these words or similar
expressions are intended to identify forward-looking statements. In
addition, any statements that refer to expectations, beliefs, plans,
projections, objections, performance or other characterizations of future
events or circumstances, including any underlying assumptions, are
forward-looking statements. Forward-looking statements in this press
release are not promises or guarantees of future performance and are
subject to risks and uncertainties that could cause Greenworld Wind Power
Co. Ltd.'s actual results to differ materially from those anticipated.
Greenworld Wind Power Co. Ltd. cautions the reader not to place undue
reliance upon any such forward-looking statements. These forward-looking
statements involve known and unknown risks as well as uncertainties,
including those discussed herein as well as the following: (i) domestic and
global economic and business conditions; (ii) market related risks and the
performance of financial markets generally; (iii) the policies and actions
of regulatory authorities; (iv) the impact of competitive factors; (v)
risks and uncertainties associated with future acquisitions or combinations
within relevant industries; and (vi) changes in capital, solvency or
accounting standards as well as tax and other relevant legislation or
regulations in the jurisdictions in which Greenworld Wind Power Co. Ltd.
operates. The actual results that Greenworld Wind Power Co. Ltd. achieves
may differ materially from any forward-looking statements which are based
on management's beliefs and opinions at the time the statements are made.
Greenworld Wind Power Co. Ltd. does not undertake any obligation to update
forward-looking statements should circumstances or management's beliefs or
opinions change.
For further information please contact:
Greenworld Wind Power Co. Ltd.
100 Consillium Place
Suite 200
Scarborough, ON
M1H 3E3
Email: info(at) greenworldpower.ca
End of Corporate News
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148989 07.12.2011
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Datum: 07.12.2011 - 15:07 Uhr
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