Attached files
Exhibit 99.1
[LETTERHEAD OF SKY HARVEST WINDPOWER CORP.]
SKY HARVEST COMPLETES PRIVATE PLACEMENT
June 22, 2011 Symbol: SKYH:OTCBB
VANCOUVER, BRITISH COLUMBIA - Sky Harvest Windpower Corp. ("Sky Harvest" or the
"Company") (OTCBB: SKYH) is pleased to announce that it has closed a
non-brokered private placement. On June 21, 2011 the Company issued 1,970,000
common shares at a purchase price of US$0.25 per share for gross proceeds of
US$492,500.
In connection with the private placement, Sky Harvest's President, William Iny,
stated, "This financing places the Company in a positive working capital
position and will allow us to continue to develop current projects and to
review, and potentially acquire, additional ones. Since our formation, we've
prided ourselves on developing corporate assets at minimal cost. Our focus is
now on developing and acquiring projects that will produce the cash flow
necessary to provide additional value to our shareholders."
Sky Harvest invites shareholders and other interested parties to visit its new
website located at www.skyharvestwind.com or contact Sky Harvest at 604-267-3041
locally or toll-free 1.877.700.7021
SKY HARVEST WINDPOWER CORP.
William Iny, President
Sky Harvest Windpower Corp. is a United States and British Columbia reporting
issuer involved in development stage wind power projects located in southwest
Saskatchewan, Canada. Wind speed and environmental data relating to the
Company's leased properties indicates that the properties host a strong and
consistent wind resource that warrants the erection of wind power generation
facilities with the potential to generate up to 350 MW of electricity.
Safe harbor for Forward-Looking Statements: Except for statements of historical
fact, the information presented herein constitutes forward-looking statements.
Forward-looking statements may include financial and other projections, as well
as statements regarding the Company's future plans, objectives or economic
performance, or the assumptions underlying any of the foregoing. The Company
uses words such as "may", "would", "could", "will", "likely", "expect",
"anticipate", "believe", "intend", "plan", "forecast", "project", "estimate" and
similar expressions to identify forward-looking statements. Any such
forward-looking statements are based on assumptions and analyses made by the
Company in light of its experience and its perception of historical trends,
current conditions and expected future developments, as well as other factors we
believe are appropriate in the circumstances. However, whether actual results
and developments will conform to the Company's expectations and predictions is
subject to a number of risks, assumptions and uncertainties. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the company to be materially different from those indicated. Forward looking
statements in this press release include the following: that our properties host
a strong and consistent wind resource that warrants the erection of wind power
generation facilities with the potential to generate up to 350 MW of
electricity; that the Company will be reviewing potential renewable energy
acquisitions in the future. Factors which may delay or prevent these forward
looking statements from being realized include that we may not be able to raise
sufficient funds to expand our operations, that we may not get joint venture
partners or permits to erect any facilities, we may be unable to acquire the
proper facilities, actual data may prove different from our current projected
data, we may not encounter suitable acquisition opportunities. Readers should
refer to the risk disclosures outlined in the Company's periodic reports filed
from time to time with the United States Securities and Exchange Commission on
EDGAR at www.sec.gov and with the British Columbia Securities Commission at
www.sedar.com.
For further information:
Sky Harvest at 604-267-3041 locally or toll-free 1.877.700.702
