Extended PinnacleFinavera Renewables extends Investor Relations contract with Pinnacle Capital Markets
Last Update: 12/21/2010 4:31:00 PM
VANCOUVER, Dec. 21, 2010 (Canada NewsWire via COMTEX) --Finavera Renewables Inc. ('Finavera Renewables' or the 'Company')(FVR) has extended the Company's Investor Relations contract withPinnacle Capital Markets Ltd. ("Pinnacle"). The contract was initiallyannounced by the Company on September 30, 2010. The term of theextension is six months and Pinnacle's monthly compensation will be$5,000. In addition, the Company will issue 200,000 incentive stockoptions to be granted pursuant to the Company's stock option plan andthe rules of the TSX Venture Exchange. The options will have anexercise price of
.10 per share for a period of 1 year. The optionswill vest in four equal installments every three months. The agreementis subject to the approval of the TSX Venture Exchange.
Jason Bak, CEO