Hydropower

Finavera Renewables Inc. Completes $10,000,025 Private Placement

Vancouver, British Columbia [RenewableEnergyAccess.com] Finavera Renewables Inc. completed its previously announced private placement for proceeds of $10,000,025. The placement consists primarily of institutional investors. Completion of the placement is subject to final Exchange approvals. Dundee Securities Corporation acted as lead underwriter on behalf of a syndicate of underwriters including Jacob & Company Securities Inc. Finavera Renewables Inc. CEO Jason Bak said, “These funds will allow us to aggressively move forward with the development of our wind and wave energy projects and with the development of our patented ‘AquaBuOY’ wave energy technology.”