WGP Western Geopower Corp Com Npv

Western GeoPower Corp. (TSX VENTURE:WGP) (FRANKFURT:WE6), a renewable energy
company, today announced the receipt of $3,710,000 from the exercise of
26,500,000 share purchase warrants which had been issued in January 2009 in
partial consideration for a secured loan facility.


The warrants were exercised by 3 parties: Amalgamated International Holdings SA
exercised 9,000,000 warrants; Exploration Capital Partners 2008 Limited
Partnership exercised 11,136,364 warrants; and Resource Capital Investment Corp.
exercised 6,363,636 warrants.


"We are pleased to report that the lenders who participated in the secured loan
facilities of late 2008 and early 2009 continue to support the Company through
their exercise of warrants," said Kenneth MacLeod. President and CEO of Western
GeoPower. "The funds will facilitate the ongoing development of the Western
GeoPower Unit 1 power plant at the Geysers geothermal field in California."


About Western GeoPower Corp.

Western GeoPower Corp. is a renewable energy company dedicated to the
development of geothermal energy projects for the delivery of clean,
sustainable, baseload electricity generation. The Company is developing The
Western GeoPower Unit 1 geothermal power plant at The Geysers Geothermal Field
in Sonoma County, California, United States; the South Brawley geothermal
project in Imperial County, California, United States; and the South Meager
geothermal project in British Columbia, Canada.


On behalf of the Board of Western GeoPower Corp

Kenneth MacLeod, President & CEO

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release contain forward-looking information
within the meaning of applicable securities laws in Canada ("forward-looking
information"). The words "anticipates", "believes", "budgets", "could",
"estimates", "expects", "forecasts", "intends", "may", "might", "plans",
"projects", "schedule", "should", "will", "would" and similar expressions are
often intended to identify forward-looking information, although not all
forward-looking information contains these identifying words.


The forward-looking information in this press release includes, but is not
limited to: The funds will facilitate the ongoing development of the Western
GeoPower Unit 1 power plant at the Geysers geothermal field in California.


The forecasts and projections that make up the forward-looking information are
based on assumptions which include, but are not limited to: the Company is not
subjected to any material adverse events normally associated with exploration,
development and production of natural resources; the Company is not subjected to
additional governmental regulation and that political attitudes towards
geothermal production does not change; the Company is able to remain in
compliance with its debt obligations; the Company's resource estimates are
accurate; the Company's insurance is adequate and that it does not incur any
material uninsured liability; the Company is able to comply with environmental
regulations; the Company has access to suitable infrastructure; no title defects
affect the Company's properties; the Company receives necessary permits on
acceptable terms; no material new competition; no significant fluctuation in
currency exchange rates and interest rates; the Company is able to access
additional capital; no material fluctuations in energy prices; continued access
to the Company's key personnel; and, no conflicts of interest arise.


The forward-looking information is subject to risks, uncertainties and other
factors that could cause actual results to differ materially from historical
results or results anticipated by the forward-looking information. The factors
which could cause results to differ from current expectations include, but are
not limited to: risks normally associated with exploration, development and
production of natural resources; risks relating to government regulation; risks
relating to indebtedness; risks relating to the reliability of resource
estimates; no history of geothermal production; insurance and uninsured risks;
environmental risks and hazards; lack of access to required infrastructure; land
title defects; risks relating to obtaining permits on acceptable terms;
competition; fluctuations in currency exchange rates and interest rates; risks
relating to raising additional capital; fluctuations in energy prices; reliance
on key personnel; conflicts of interest; and, other risks described in the
Company's Management Discussion & Analysis and other continuous disclosure
documents.


All forward-looking information in this press release is qualified in its
entirety by this cautionary statement and, except as may be required by law, the
Company undertakes no obligation to revise or update any forward-looking
information as a result of new information, future events or otherwise after the
date hereof. This news release is not for dissemination in the United States of
America or to United States of America news services.

Western Geopower Corp Com Npv (TSXV:WGP)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024

Western Geopower Corp Com Npv (TSXV:WGP)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024