Cleanfield Renegotiating Agreement Terms With Chinese Partner and Grants
Stock Options
HAMILTON, ON,
Cleanfield entered into an agreement with ZJT in Novemeber 2008 to form a joint venture for the sales, distribution and manufacturing of Cleanfield VAWTs in
Cleanfield also announced that it granted 40,000 options, subject to TSX-V approval, to an investor relations consultant of the company. All options are exercisable at a price of
About Cleanfield Alternative Energy Inc.: Cleanfield is committed to developing renewable energy products primarily for the urban environment. The Company produces an industry leading VAWT, which can be installed in various ways, produces green renewable energy quietly and cost effectively and is sold worldwide. Cleanfield also provides purchase financing to qualified customers, and is developing solar photovoltaic products for commercialization.
Forward-Looking Statements: Certain statements in this news release may be considered to be forward-looking. These statements relate to future events or Cleanfield's future economic performance and reflect the current assumptions and expectations of management. Certain unknown factors may affect the events, economic performance and results of operations described herein. Cleanfield undertakes no obligation, and does not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information: Go to www.cleanfieldenergy.com, or contact Tony Verrelli, President & CEO, Cleanfield Alternative Energy Inc., (905) 304-5223, [email protected]
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