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Keewatin Windpower Proceeds with
Acquisition of Sky Harvest Windpower
In connection with its proposed acquisition of Sky Harvest Windpower Corp., Keewatin (OTCBB:KWPW)
is pleased to announce that it has engaged Stirling Mercantile Corporation to prepare a
fairness opinion concerning the transaction. Sky Harvest holds the land rights to develop
a wind power project on approximately 8,500 acres of land located in southwestern
Saskatchewan. The company has completed wind resource assessments on the property
and is proposing the construction of a 150 megawatt facility.
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Keewatin’s Board of Directors anticipates that the fairness opinion will support the terms
of the proposed acquisition whereby it will issue 1.5 shares of its common stock for each
currently issued share of Sky Harvest, representing an aggregate of 17,343,516 shares.
The advanced stage of the Sky Harvest project was considered in management’s
valuation. Both companies are prepared to complete the acquisition immediately
following the receipt of the fairness opinion and the completion of an audit of Sky
Harvest’s financial statements. Current directors of Keewatin own 53% of Sky Harvest’s
issued and outstanding shares.
ON BEHALF OF THE BOARD OF KEEWATIN WINDPOWER CORP.
Chris Craddock, President
For information on Sky Harvest Windpower see www.skyharvestwind.com
Contact:
Investor Relations : 1 877 700 7021 (Toll Free)
For the pdf version of this news release - click here
Safe harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forwardlooking
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 any future
results, performance or achievements expressed or implied by such forward-looking statements. Such
factors include general economic and business conditions, the ability to acquire and develop specific
projects, the ability to fund operations and other factors over which Keewatin Windpower Corp. has little
or no control.
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