Special Meeting Votes To Increase Loan Facility

NZX and Media Statement 12 March 2013 Special Meeting Votes To Increase Loan Facility

NZX and Media Statement

12 March 2013 

Special Meeting Votes To Increase Loan Facility

Windflow’s Special Meeting on 7 March passed a resolution which approved increasing the loan facility from one of its shareholders by an additional GBP550,000. 

The availability of the additional funds would allow the New Holland wind turbine project to proceed if the land-owners intended (but not committed) part-funding was not forthcoming.  The additional loan facility would also allow the Company to cover immaterial increases in the project budgets (for the UK turbines) which have occurred since July 2012, and any other use of funds permitted under the existing loan facility.

ENDS 

For further information:

Geoff Henderson, Chief Executive Officer

Ph 03 365 8960