Windflow attracts Mighty River Power
4 Jul 2008
A leading New Zealand electricity generator, Mighty River Power Ltd has signed agreements to purchase a 19.95% cornerstone shareholding in the rapidly developing Christchurch listed technology company Windflow Technology Ltd.
The placement is subject to shareholder approval and is expected to raise in excess of $7 million and is based on the expected shareholder capital post the upcoming options exercise in September 2008.
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