Ventus Energy West Cape Windpower Files $55 M IPO

Toronto, Ontario [] Ventus Energy Inc. has filed a preliminary prospectus in connection with a proposed initial public offering (IPO) of limited partnership (LP) units of Ventus Energy West Cape Windpower LP. Ventus Energy intends to raise up to $55 million through the offering of LP units priced at $10.00 per unit. Ventus Energy West Cape Windpower LP, is established to invest in Class A shares, most of which will be Flow Through Shares, of West Cape Wind Energy Inc. that intends to construct and then operate 11 test wind turbines for the purpose of conducting a 120 day test and, if successful, construct and operate an additional 44 wind turbines to create a 99 MW wind energy project near O’Leary, Prince Edward Island.
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