Printer Friendly

Clearview Acquisitions Announces Purchase Agreement with Helix Wind.

ENERGY RESOURCE-29 January 2009-Clearview Acquisitions Announces Purchase Agreement with Helix Wind(C)2009 JeraOne -

Clearview Acquisitions Inc. has executed a definitive purchase agreement with Helix Wind Inc., a global renewable energy company, to acquire 100% of Helix in consideration of approximately 20.5 million common shares of stock.

Helix, headquartered in San Diego, would become a wholly owned operating subsidiary of Clearview, with current Helix Wind management continuing to run day-to-day operations of the company.

Closing of the transaction is subject to customary conditions, including the receipt of the cancellation by Clearview of a total of 49,180,075 common shares and a capital raise by Clearview of not less than $650,000.

Helix Wind offers two models of its Vertical Axes Wind Turbines (VAWT) for electricity generation. The Helix Wind S322 is a 2.5kW rated unit and is suitable for residential and other vertical market applications, while the S594 is a 5kW rated system suitable for residential and commercial applications, which can produce electricity through all wind speeds and conditions.

"We are pleased about this transaction and look forward to closing in the very near future. With a highly experienced management team of professionals and state of the art technology, we believe that Helix Wind, Inc. has all the tools necessary to continue building a strong renewable energy business attractive to investors," said Helix Chairman & President Scott Weinbrandt. "This transaction is a great example of how we have been able to secure financing on attractive terms even in a challenging capital environment."

((Comments on this story may be sent to

((Distributed via M2 Communications Ltd -
COPYRIGHT 2009 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Energy Resource
Date:Jan 29, 2009
Previous Article:Tesoro Participating in Project to Evaluate Fuel Produced by Oilseed Crops.
Next Article:Fireman's Fund Offering 'Green' Coverage to Homeowners in Minnesota.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters