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Share Name | Share Symbol | Market | Type |
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Western Geopower Corp Com Npv | TSXV:WGP | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Western GeoPower Corp. ("WGP") (TSX VENTURE:WGP) (FRANKFURT:WE6), a renewable energy company, today announced that it has been advised by Geysir Green Energy ("Geysir") that it has sold 47,333,334 common shares in WGP, representing all of the common shares it held in WGP, at a price of CAD$0.18 per share, for aggregate gross proceeds of CAD$8,520,000. Geysir stated that it sold the common shares as part of its objective to focus on its efforts on increasing installed capacity in operating geothermal power and heating plants in Iceland and China. About Western GeoPower Corp. Western GeoPower Corp. is a renewable energy company dedicated to the development of geothermal energy projects for the delivery of clean, sustainable, baseload electricity generation. The Company is developing The Western GeoPower Unit 1 geothermal power plant at The Geysers Geothermal Field in Sonoma County, California, United States; the South Brawley geothermal project in Imperial County, California, United States; and the South Meager geothermal project in British Columbia, Canada. On behalf of the Board of Western GeoPower Corp Daryl S. Clark, President & CEO Cautionary Note Regarding Forward-Looking Statements Certain statements in this press release contain forward-looking information within the meaning of applicable securities laws in Canada ("forward-looking information"). The words "anticipates", "believes", "budgets", "could", "estimates", "expects", "forecasts", "intends", "may", "might", "plans", "projects", "schedule", "should", "will", "would" and similar expressions are often intended to identify forward-looking information, although not all forward-looking information contains these identifying words. The forward-looking information in this press release includes, but is not limited to, Geysir's objective to focus on its efforts on increasing installed capacity in operating geothermal power and heating plants in Iceland and China. All forward-looking information in this press release is qualified in its entirety by this cautionary statement and, except as may be required by law, the Company undertakes no obligation to revise or update any forward-looking information as a result of new information, future events or otherwise after the date hereof. For more information or to be put on our email list, please contact Nicole Robson.
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