China Wind Power Announces Delay in Filing Annual Financial Statements

July 27, 2012 by  
Filed under Green Energy News


TORONTO, ONTARIO, Jul 27, 2012 (MARKETWIRE via COMTEX) –
China Wind Power International Corp.


/quotes/zigman/563052 CA:CNW
0.00%



(“China
Wind Power” or the “Company”) announced today that the filing of its
annual financial statements, management’s discussion and analysis and
related officer certifications for the financial year ended March 31,
2012 (the “Annual Filings”) will be delayed beyond the filing
deadline of July 30, 2012. The Company expects to provide more detail
via a subsequent news release early next week.

As a result of this delay, the Company intends to make an application
to the Ontario Securities Commission and other relevant securities
regulatory authorities under applicable securities legislation for
the issuance of a management and insider cease trade order (“MCTO”)
in connection with the anticipated filing delay. If an MCTO is
granted, it will prohibit the Chief Executive Officer and Chief
Financial Officer, and possibly the directors and other insiders of
the Company, from trading in securities of the Company for so long as
the Annual Filings have not been completed. The issuance of an MCTO
would generally not affect the ability of persons who are not, or who
have not been, directors, officers or other insiders of the Company
to trade in the Company’s securities.

About China Wind Power International Corp.

China Wind Power International Corp. is an Ontario company that is
uniquely positioned to capitalize on the growing demand for wind
power in China. The Company indirectly holds the exclusive rights for
wind energy development in Du Mon County, Heilongjiang Province,
which has a demonstrated potential installed capacity of 1,150 MW of
wind energy developable over an area of 612 square km. While 1,150 MW
represents the Company’s long-term potential for wind power in the
area, its current plans are for building out approximately 800 MW
over five development phases. The Company’s common shares are listed
on the TSX Venture Exchange under the symbol “CNW”.

Caution Regarding Forward-Looking Statements

Certain statements that are not historical facts made in this press
release may be forward-looking statements subject to risks and
uncertainties. Statements containing words such as “will”, “could”,
“expect”, “may”, “anticipate”, “believe”, “intend”, “estimate”,
“plan” and other similar expressions are forward-looking statements
that represent management’s beliefs at the time the statements are
made and are based on certain factors and assumptions including the
timely completion of the Annual Filings and the issuance of a
management and insider cease trade order in connection with the
anticipated filing delay by the applicable securities regulatory
authorities. These forward-looking statements are subject to a
variety of risks and uncertainties and other factors that could cause
actual events to differ materially from those projected in
forward-looking statements. Important factors that could cause actual
results to differ materially from the Company’s expectations
including uncertainties involving the timely completion of the Annual
Filings and the issuance of a management and insider cease trade
order in connection with the anticipated filing delay by the
applicable securities regulatory authorities; and other risks and
uncertainties as more fully described in the Company’s in the
information circular dated November 2, 2011, its Management’s
Discussion and Analysis for the 2011 fiscal year and the three and
nine months ended December 31, 2011 and in the Company’s other
filings with securities regulatory authorities, which are available
under the Company’s profile at
www.sedar.com . Readers are cautioned
that the foregoing lists of risks, uncertainties, assumptions and
other actors are not exhaustive; therefore, readers should not place
undue reliance on the forward-looking statements contained herein.
Except as required by applicable securities laws, the Company
undertakes no obligation to update any forward looking statement to
reflect events or circumstances after the date on which such
statement is made.

Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.



        
        Contacts:
        China Wind Power International Corp.
        Wendell Zhang
        Chief Financial Officer
        (416) 916-4205
        wzhang@chinawindpowerinternational.com
        
        Investor Relations
        Trevor Heisler
        (416) 500-8061
        trevor@heislercommunications.com
        
        
        


SOURCE: China Wind Power International Corp.



        mailto:wzhang@chinawindpowerinternational.com
        mailto:trevor@heislercommunications.com
        


Copyright 2012 Marketwire, Inc., All rights reserved.

/quotes/zigman/563052




add Add to portfolio

CA:CNW

loading...

Comments are closed.