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CNW China Wind Power International Corp.

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Share Name Share Symbol Market Type
China Wind Power International Corp. TSXV:CNW TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

China Wind Power Provides Default Status Update

02/10/2012 2:57am

Marketwired Canada


China Wind Power International Corp. (TSX VENTURE:CNW) ("China Wind Power" or
the "Company") provides this bi-weekly Default Status Report under National
Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP
12-203"). On July 27 and August 1, 2012, the Company announced (the "Default
Announcement") that the filing of its annual financial statements for the
financial year ended March 31, 2012, management discussion and analysis and
related CEO and CFO certifications would not be completed by the filing deadline
set by Canadian securities laws (the "Annual Filings"). 


As a result of the delay in filing, on August 8, 2012, the Ontario Securities
Commission ("OSC"), the principal regulator of the Company, issued a management
cease trade order, which imposed restrictions on all trading in securities of
the Company by the Chief Executive Officer and Chief Financial Officer of the
Company until the Company files the Annual Filings. All other parties are
permitted to trade the Company's securities.


The filing of the Company's interim financial statements for the three months
ended June 30, 2012, management discussion and analysis and related CEO and CFO
certifications has been delayed beyond the filing deadline of August 29, 2012
(the "Interim Filings" and together with the Annual Filings, the "Required
Filings") as the Annual Filings have not been completed. The Company expects a
general cease trade order to be issued by the OSC prior to the completion of the
Required Filings. A general cease trade order restricts all trading in the
Company's securities in Canada. The Company continues to work diligently to
satisfy all requirements for the filing of the Required Filings. 


Pursuant to the provisions of the Alternative Information Guidelines specified
by NP 12-203, the Company reports that, since the issuance of its Default
Announcement and subsequent Default Status Reports on August 17, September 7 and
September 21, 2012, except as stated in this Default Status Report, there have
not been any material changes to the information contained therein; nor any
failure by the Company to fulfill its intentions as stated therein with respect
to satisfying the provisions of the alternative information guidelines, and
there are no additional defaults or anticipated defaults subsequent to the
disclosure therein, other than the delay in filing the Required Filings.
Further, there are no additional material changes respecting the Company and its
affairs that have not been generally disclosed.


Until the Required Filings are filed, the Company intends to continue to satisfy
the provisions of the Alternative Information Guidelines specified by NP 12-203
by issuing bi-weekly Default Status Reports in the form of news releases. The
Company intends to file, if required, its next Default Status Report on or about
October 15, 2012.


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". 


Caution Regarding 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 resolution of the financial statement matter and the ability of the Company
to prepare and file its annual and interim financial statements and respective
management's discussion and analysis on a timely basis and the issuance of a
cease trade order by the applicable securities regulatory authorities. 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 including
uncertainties involving the progress of resolving the financial statement
matter; the completion of the Company's filing of its annual and interim
financial statements and respective management's discussion and analysis, the
issuance of a cease trade order by the applicable securities regulatory
authorities and other risks and uncertainties as more fully described in the
Company's in the information circular dated November 2, 2011, its Management's
Discussion and Analysis for the 2011 fiscal year and the three and nine months
ended December 31, 2011 and in the Company's other filings with securities
regulatory authorities, which are available under the Company's profile at
www.sedar.com. Readers are cautioned that the foregoing lists of risks,
uncertainties, assumptions and other actors are not exhaustive; therefore,
readers should not place undue reliance on the forward-looking statements
contained herein. 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.


1 Year China Wind Power International Corp. Chart

1 Year China Wind Power International Corp. Chart

1 Month China Wind Power International Corp. Chart

1 Month China Wind Power International Corp. Chart