Finavera Renewables hires Pinnacle Capital MarketsNews Release
Vancouver, Canada, September 30th, 2010- Finavera Renewables Inc. ('Finavera Renewables' or the 'Company')(TSX-V: FVR) has retained Pinnacle Capital Markets Ltd. ("Pinnacle") todevelop and provide investor relations services for the Company.Pinnacle has been engaged to refine and execute an investor relationsstrategy that will enhance and expand Finavera Renewables exposure withthe Canadian and international investment community. Pinnacle willassist Finavera in fostering productive, continuing dialogues withanalysts, brokers, potential investors, current shareholders and otherfinancial professionals.
The initial period of the agreement isfor 3 months with an option to renew at terms mutually agreeable to eachparty. Finavera Renewables will compensate Pinnacle with a monthlyretainer of $4,000 and issue 100,000 incentive stock options to begranted pursuant to the Company's stock option plan and the rules of theTSX Venture Exchange. The options will have an exercise price of
.10per share for a period of 1 year. The options will vest in four equalinstallments every three months. In the event the Company and Pinnacleelect to extend the agreement, the monthly compensation will increase to$5,000. The agreement is subject to the approval of the TSX VentureExchange.
About Pinnacle
Pinnacle CapitalMarkets LTD. is a Toronto based advisory firm that providesfull range ofservices to publicly- listed companies operating primarily in themining, oil and gas, technology and renewable energy sectors. They alsoassist private companies develop anddefine a capital markets strategyfor future public listing.Their objective is to work closely with theirclients to achieve key investor relations goalssuch as: assist inpositioning their client in the context of the public markets, enhancevisibility within the financial community, increase liquidity throughenhanced retail and institutional awareness, attract and increase equityresearch coverage, and assist in identifying much needed growthcapital. PCM believes that a successful investor relations programdepends on a multifaceted approach,including an effective strategy,tactical execution, thoughtful advice, and ongoing communication.