19.01.2007
Western Geopower Welcomes Federal Incentive
VANCOUVER, Canada, Western GeoPower welcomed today’s announcement by the Canadian Government of the ecoENERGY Renewable Initiative to provide funding incentives for renewable power. Western GeoPower President Kenneth MacLeod said the incentive of 1 cent per kilowatt hour could help the economic viability of the Company’s South Meager Geothermal Project, located 170 kilometers north of Vancouver, British Columbia.
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27.12.2006
Granting of Incentive Stock Options
VANCOUVER, Canada, December 27, 2006, TSX Venture Exchange Trading Symbol: WGP – Western GeoPower Corp., the “Company”) announces the granting of 1,850,000 incentive stock options to purchase capital stock of the Company at a price of $0.155 per share for a period of five years under the Stock Option Plan, to its directors, officers, consultants and employees as approved by the Board on December 19, 2006.
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18.12.2006
Western GeoPower closes $2.6 Million Financing
VANCOUVER, Canada, December 18, 2006, TSX Venture Exchange Trading Symbol: WGP – Western GeoPower Corp., a renewable energy company focused on geothermal energy development, today announced that it has closed a non-brokered private placement announced December 8, 2006 for total proceeds of CDN $2.63 million through the sale of 17,538,334 units at a price of $0.15 per unit. Each unit is comprised of one share and one share purchase warrant exercisable at a price of $0.25 per warrant share until December 30, 2008.
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