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NKW Oceanic Wind Energy Inc

0.15
0.00 (0.00%)
04 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Oceanic Wind Energy Inc TSXV:NKW 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% 0.15 0.15 0.17 0 00:00:00

NaiKun Wind: Results from Annual General Meeting

18/03/2011 9:00pm

Marketwired Canada


NaiKun Wind Energy Group (TSX VENTURE:NKW) (the "Company") held its Annual
General Meeting in Vancouver, British Columbia on March 16, 2011. 


The results of voting on matters put before the Company's shareholders include:



--  Election of Board of Directors: Philip Hughes (Chair), Michael C. Burns,
    Michael O'Connor, Joseph Houssian, Ken McCready, David Rehn and Graham
    Wilson were re-elected to the Board of Directors.

--  Amended & Restated 2008 Warrant Plan: The Company is pleased to announce
    that the TSX Venture Exchange (the "Exchange") has accepted the
    Company's amendments to the 2008 Warrant Plan as outlined in the
    Company's Information Circular, dated February 9, 2011. The Amended &
    Restated Warrant Plan received approval from disinterested shareholders.

--  Re-Appointment of Auditors: KPMG LLP, Chartered Accountants, were re-
    appointed as auditors of the Company.



"On behalf of the Company, I would like to take this opportunity to thank our
shareholders and partners for their ongoing support," said NaiKun Wind's CEO
Michael O'Connor. "We remain confident in the Company's vision of developing
Canada's first offshore wind energy project and look forward to continuing to
work with our project partners to achieve this goal."


NaiKun Wind Energy Group Inc. is a British Columbia-based renewable energy
company. Located on B.C.'s northwest coast, where the wind resource is one of
the strongest and most consistent in the world, NaiKun Wind's 396MW offshore
wind project would generate enough energy to provide electricity to 130,000 B.C.
homes. The project is expected to result in an estimated 500 jobs during
construction and 50 permanent jobs for maintenance and operations and over $400
million in direct expenditures in the province during construction, of which
$250 million will benefit North Coast communities. 


The NaiKun Wind project is at an advanced stage of development, with
environmental approvals and agreements in place with key suppliers and First
Nations and is now in a position to begin construction within two years of
receiving an energy purchase agreement. For more information on NaiKun Wind,
please visit www.naikun.ca. 


Caution Regarding Forward-Looking Statements - This news release contains
certain forward-looking statements, including statements regarding the business
and anticipated financial performance of the Company. These statements are
subject to a number of risks and uncertainties. Actual results may differ
materially from results contemplated by the forward-looking statements. When
relying on forward-looking statements to make decisions, investors and others
should carefully consider the foregoing factors and other uncertainties and
should not place undue reliance on such forward-looking statements. The Company
does not undertake to update any forward looking statements, oral or written,
made by itself or on its behalf.


Michael O'Connor, President and CEO

NaiKun Wind Energy Group Inc.

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