Posted On: 12/23/2013 10:04:56 AM
Post# of 89078
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Schenectady, NY - December 23, 2013 – Wind Works Power Corp. (OTC:WWPW - News), is pleased to announce it has closed a $20 Million funding for its 100% owned Thunder Spirit Project, located in Hettinger, North Dakota. The financing transaction is with Aquila Capital, one of Europe’s leading independent asset managers in the areas of alternative and real asset investments. Aquila Capital has agreed to purchase Notes from Thunder Spirit Wind, a wholly-owned subsidiary of Wind Works, in the amount of $20 Million. The agreement calls for repayment of the Notes according to milestones with a time period of 18-24 months. It is expected that the Notes will be repaid from the proceeds of the permanent financing that will be effected at COD (Commercial Operation Date) of the proj - See more at: http://thenewswire.ca/archives?tnwarchive2=re...UziNv.dpuf
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