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China Wind Power completes US$27.3 million financing

Fasken
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Overview

Client

GMP Securities

On July 31, 2009, China Wind Power International Corp. ("China Wind"), a wind energy company that develops and operates wind farms in Heilongjiang Province, China, successfully completed a private placement financing for gross proceeds of $27.3 million. China Wind will apply the net proceeds of the financing to continue construction at its first two wind farms, representing aggregate capacity of 98.5MW. The financing resulted in the issuance of 27,319,158 common shares of China Wind at $1.00 per Share, resulting in aggregate gross proceeds of $27,319,158. The financing was led by GMP Securities L.P. and included CIBC World Markets Inc., Canaccord Capital Corporation, Dundee Securities Corporation and Research Capital Corporation (collectively, the "Agents"). The Agents were advised in this transaction by a team from Fasken Martineau led by Georges Dubé and including Brad Freelan and Alex Nikolic.

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