The Windflow Technology share offer closed yesterday, raising 76% of the minimum of $2m required to establish local wind
turbine manufacturing.
"We have had a huge response over the past three days as people have strived to meet the revised closing date", said
Geoff Henderson, Chief Executive, Windflow Technology Ltd. "Some existing investors have doubled and trebled their
original investment; 100 additional investors have boosted the total number to 330. Inevitably some people were caught
out when we had to close the offer early."
"Public support for our proposal has been overwhelming as people pay more for electricity, express concern at the
climate change impacts of gas-powered generation, and see the opportunity for a socially responsible investment. We must
continue our work."
The Company will revise its Prospectus and submit it to the Companies Office this week, with a view to re-opening its
share offer as soon as possible.
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Further information: www.windflow.co.nz