Finavera Renewables Completes Qualifying Transaction

Vancouver, British Columbia [] Finavera Renewables announced its transition from a private renewable energy company founded in Ireland to a listed issuer in Canada. The transaction on TSX Venture Exchange, which values the company at approximately $35 million CAD, was completed via the reverse take over (RTO) of Cascade Minerals Inc. Finavera Renewables will issue a further press release at the time of issuance of the Exchange Bulletin in early January 2007.


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