Sea Breeze Power Corp. is pleased to announce that TSX Venture Exchange has accepted for filing the Company’s proposal to issue 10,741,001 shares to settle outstanding debt of $1,351,479.45 relating to interest accrued on a convertible debenture in the principal amount of $2,250,000.
Insider creditors
Henry P. Anderson III 2009Revocable Living Trust
$524,997.50
Shares: 4,172,463
Kenneth L. Puryear 2008 Revocable Living Trust
$525,302.64
Shares: 4,174,890
Hoffman-Seabreeze LLC
$301,179.31
Shares: 2,393,648
The shares have been issued, and the debt extinguished.
Sea Breeze Power Corp. is a Vancouver-based renewable energy company focused on unlocking British Columbia’s enormous but “stranded” renewable energy potential. Sea Breeze is presently engaged in the development of utility-scale wind farms, “run-of-river” hydroelectric projects, and through a joint venture partnership, the development of state-of–the-art electricity transmission projects.
ON BEHALF OF THE BOARD OF DIRECTORS
“PAUL B MANSON”
_________________________________
per: PAUL B. MANSON, President & CEO
For investor information please contact:
info@seabreezepower.com
Voice: (604) 689‐2991
Fax: (604) 689‐2990
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.