Attached files
Exhibit 99.1
[SKY HARVEST WINDPOWER CORP. LOGO]
SKY HARVEST TO DEVELOP
GAS STORAGE PROJECT IN TURKEY
May 29, 2012 Symbol: SKYH:OTC Markets
VANCOUVER, BRITISH COLUMBIA - Sky Harvest Windpower Corp. ("Sky Harvest" or the
"Company") is pleased to announce that it has completed a private placement
financing consisting of the sale of 818,000 shares of its common stock at a
price of $0.25 each for aggregate proceeds of $204,500. The Company intends to
use the proceeds from the private placement for the development of its proposed
natural gas storage joint venture in Turkey, as well as for general working
capital.
Sky Harvest invites shareholders and other interested parties to visit its new
website located at www.skyharvestwind.com or contact Sky Harvest at 604-267-3041
locally or toll-free 1.877.700.7021
SKY HARVEST WINDPOWER CORP.
William Iny, President
Sky Harvest Windpower Corp. is a United States and British Columbia reporting
issuer involved in development stage wind power projects located in southwest
Saskatchewan, Canada. Wind speed and environmental data relating to the
Company's leased properties indicates that the properties host a strong and
consistent wind resource that warrants the erection of wind power generation
facilities with the potential to generate up to 350 MW of electricity.
Safe harbor for Forward-Looking Statements: Except for statements of historical
fact, the information presented herein constitutes forward-looking statements.
Forward-looking statements may include financial and other projections, as well
as statements regarding the Company's future plans, objectives or economic
performance, or the assumptions underlying any of the foregoing. The Company
uses words such as "may", "would", "could", "will", "likely", "expect",
"anticipate", "believe", "intend", "plan", "forecast", "project", "estimate" and
similar expressions to identify forward-looking statements. Any such
forward-looking statements are based on assumptions and analyses made by the
Company in light of its experience and its perception of historical trends,
current conditions and expected future developments, as well as other factors we
believe are appropriate in the circumstances. However, whether actual results
and developments will conform to the Company's expectations and predictions is
subject to a number of risks, assumptions and uncertainties. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the company to be materially different from those indicated. Forward looking
statements in this press release include the following: that the Company will
use its private placement proceeds for the development of its proposed natural
gas storage joint venture in Turkey and for general working capital and that our
properties host a strong and consistent wind resource that warrants the erection
of wind power generation facilities with the potential to generate up to 350 MW
of electricity; and that the Company will form a joint venture to develop
natural gas storage facilities in Turkey. Factors which may delay or prevent
these forward looking statements from being realized include that we may not be
able to raise sufficient funds to expand our operations and complete the
proposed joint venture, management may choose to change the use of proceeds from
the private placement, that we may not succeed in developing natural gas storage
facilities in Turkey, and that actual data may prove different from our current
projected data. Readers should refer to the risk disclosures outlined in the
Company's periodic reports filed from time to time with the United States
Securities and Exchange Commission on EDGAR at www.sec.gov and with the British
Columbia Securities Commission at www.sedar.com.
The securities referred to herein have not been and will not be registered under
the U.S. Securities Act of 1933 or the securities laws of any other jurisdiction
and may not be offered or sold in the United States absent an exemption from, or
in a transaction not subject to, the registration requirements of the U.S.
Securities Act of 1933 and any other applicable securities laws. This news
release does not constitute an offer to sell, or the solicitation of an offer to
buy, the securities, nor shall there be any sale of any of the securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.
For further information:
Sky Harvest at 604-267-3041 locally or toll-free 1.877.700.702