Symbol: SKYH:OTC Markets
VANCOUVER, March 19, 2012 /CNW/ - Sky Harvest Windpower Corp. ("Sky Harvest" or the "Company") is pleased to announce that it has formed an advisory board that will be responsible for providing guidance to the Company's Board of Directors as it proceeds with the development of its anticipated gas storage project in Turkey. Initially, the advisory board will consist of the following members:
Mr. Cohen has over 50 years of experience in the oil and gas sector including acting as the engineer, drilling coordinator for the Mene Grande Oil Company, a subsidiary of Gulf Oil; the engineering supervisor for Mobil Oil Co. Canada; and the head of operations and evaluation for International Resources Ltd., which conducted drilling in Turkey, the North Sea, and Gabon. He has also been involved in the formation of numerous oil and gas companies including Villa Oil and Espana-Canada Resources Ltd. In addition, he was very instrumental in one of Europe's major gas storage projects located in offshore Valencia, Spain, a 1.3 bcm capacity underground natural gas storage project. Mr. Cohen holds a Bachelor of Economics degree from Trinity University in San Antonio, Texas and a Bachelor of Science degree in Petroleum Engineering from University of Texas at Austin.
Mr. Atalay has over 20 years of experience in project engineering, private and public company management, and gas and renewable energy development in both North America and Europe. He previously acted as Chief Operating Officer and a director of Finavera Renewables Inc., a Canadian wind energy and wave power technology developer. Mr. Atalay has also held business development and management positions with Northland Power Inc., Shell Wind Energy, and Enron Europe Limited. He holds engineering degrees from Middle East Technical University in Ankara, Turkey and the University of Toronto, as well as an MBA in Finance from the University of British Columbia. He was also an exchange scholar of the London Business School. Mr. Atalay acts as the President and CEO of Levant Energy Inc., the recently formed company through which Sky Harvest and Mr. Atalay intend to develop a gas storage project in Turkey.
Mr. Bernholtz has practiced as a Chartered Accountant since 1983 and currently acts as Chief Financial Officer of Kerbel Group Inc., an integrated real estate developer and property owner since 1988. He has served as a director and officer of numerous public and private companies over the last 25 years, including those involved in the oil and gas sector. Mr. Bernholtz previously spent six years with Laventhol & Horwath in the Litigation Support and Business Valuation area.
Mr. Lister has over 30 years of experience as a commercial lawyer and businessman, and has been involved in the start-up of numerous business ventures. He currently acts as President of the Securfund Development Corporation, a real estate development company based in Calgary, Alberta. Mr. Lister was involved in the development of Calgary Superstop, a fuel and truck facility developed in partnership with Esso Canada.
In connection with its plan to proceed with gas storage operations in Turkey and its advisory board formation, Sky Harvest has agreed to grant incentive stock options on a total of 990,000 shares of its common stock with an exercise price of $0.10 each for a period of five years. This grant is pursuant to the Company's previously announced 2011 Stock Option Plan.
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 & CEO
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 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, and that we may not succeed in developing natural gas storage facilities in Turkey. 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 1.877.700.7021