NaiKun Wind: Results from Annual General Meeting
March 18 2011 - 4:00PM
Marketwired
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.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: NaiKun Wind Energy Group Inc. Media and Investor
Enquiries 604-631-4494 www.naikun.ca
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