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ZIMI LIMITED — Capital/Financing Update 2010
Mar 14, 2010
66122_rns_2010-03-14_45c1392d-c5f9-41c2-8c09-4899a3a40dfe.pdf
Capital/Financing Update
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WHL Energy Ltd C/- Websters Solicitors ABN: 25 113 326 524 Level 11, 37 Bligh Street Sydney NSW 2000 Australia P: +61 2 9233 2688 F: +61 2 9233 3828 www.whlenergy.com
ASX ANNOUNCEMENT
Dated: WHN 15 March 2010
COMPLETION OF SALE OF WIND FARM ASSETS
The Company announces the completion of the sale of two of the wind farm assets in its UK portfolio.
The sale agreement provides for an initial consideration of £75,000 by way of reimbursement of monies expended to date, which the Company has received, as well as future potential free retained interest having a value of up to £580,000 depending on the ultimate Megawatt Planning consent obtained for the farms without any further cash contribution by WHL Energy through the development process.
“Through such sales the Company is able to accelerate the development of its wind farm assets without additional internal cost” Executive Chairman Peter Bartter, said
Yours Faithfully,
Ian Mitchell
Company Secretary