ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

WGP Western Geopower Corp Com Npv

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
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
  0.00 0.00% 0 -

Western GeoPower Draws Down Second Tranche of US$8.52 Million Under Its Secured Loan Facility

06/01/2009 12:30pm

Marketwired Canada


THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO
UNITED STATES OF AMERICA NEWS SERVICES.


Western GeoPower Corp. (TSX VENTURE:WGP)(FRANKFURT:WE6), a renewable energy
company, today announced that the conditions to the availability of the second
tranche of its secured loan facility, previously announced on November 10, 2008,
have been satisfied, and that the second tranche of US$8,520,000 has now been
drawn down. The initial tranche of US$2,480,000 under the US$11 million secured
loan facility was drawn down on November 24, 2008.


The proceeds of the loan facility may be used for drilling, project management,
development cost, plant equipment, and up to US$300,000 in monthly working
capital and general corporate purposes.


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 California, United States and the South Meager Geothermal Project in British
Columbia, Canada.


On behalf of the Board of Western GeoPower Corp

Kenneth MacLeod, President & CEO

Cautionary Note Regarding Forward-Looking Statements

Statements in this release that are forward-looking are subject to various risks
and uncertainties concerning the specific factors identified above that reflect
the Company's expectations and projections about its future results. The Company
has tried whenever possible to identify these forward-looking statements which
include but are not limited to, words such as "anticipates," believes,"
"estimates," "expects," "plans," "intends," "potential," and similar
expressions. Although the Company believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions, such statements
are not guarantees of future performance and actual results or developments may
differ materially from those in the forward-looking statements. Investors are
cautioned that any such statements are not guarantees of future performance and
that actual results or developments may differ materially from those projected
in the forward-looking statements. The Company disclaims any obligation or
intention to update or to revise any forward-looking statement, whether as a
result of new information, future events or otherwise. Such information
contained herein represents management's best judgment as of the date hereof
based on information currently available. 


For more information or to be put on our email list, please contact our office:
(604) 662-3338 or US/Canada Toll Free: 1-866-662-3322, email: info@geopower.ca
Investor Relations: IR@geopower.ca.


1 Year Western Geopower Corp Com Npv Chart

1 Year Western Geopower Corp Com Npv Chart

1 Month Western Geopower Corp Com Npv Chart

1 Month Western Geopower Corp Com Npv Chart

Your Recent History

Delayed Upgrade Clock