China Wind Power Intl Concludes Private Placement Offering Of 4.15 Mln Common Shares At $1.05/share

China Wind Power International Corp. said it completed non-brokered private placement offering of 4.15 million common shares of the company at a price of C$1.05 per share for gross proceeds of approximately C$4.36 million.

The company noted that shares issued through the offering would have a hold period of four months and one day from the date of issuance.

The company would use proceeds from the offering for working capital and general corporate purposes, including the operating costs of its Canadian office.
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