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ZIMI LIMITED — Capital/Financing Update 2008
Jan 24, 2008
66122_rns_2008-01-24_1e99abe9-00f9-4ed3-94fe-175ffb315d40.pdf
Capital/Financing Update
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ACN 113 326 524
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25 January 2008
Manager Companies Company Announcements Office Australian Securities Exchange Limited Level 4, 20 Bridge Street Sydney NSW 2000
Wind Hydrogen Limited Acquires Minority Stake in Canacol Energy Inc .
Wind Hydrogen Limited (WHL) announced today that it has invested US$300,000 to acquire approximately 22% of Canacol Energy Inc. (Canacol), a company which intends to develop energy assets in Latin America. Larry Podrasky has been appointed President of the Board of Canacol in order to facilitate the establishment of joint development strategies.
Mr. Podrasky commented: "This is an exciting opportunity for WHL to participate in the large and growing Latin American energy market. Canacol has excellent access to energy projects in the region and its local platform in Colombia gives WHL the opportunity to expand into complementary energy markets, whilst continuing to develop its wind-power portfolio.”
WHL has a portfolio of wind-power energy projects in various stages of development presently located in the United Kingdom and Australia. WHL’s strategy is to expand into geographical regions and complementary energy sources where shareholder value can be added. WHL will continue to evaluate global investment opportunities in the energy sector with the aim of growing a valuable portfolio of energy assets.
Larry Podrasky Executive Chairman & CEO
Suite 14, Level 12, 95 Pitt Street Sydney NSW Australia 2000 T: (61 2) 8249 8157 F: (61 2) 8249 8101 E: [email protected] W: www.wind-hydrogen.com