Sky Harvest Retains Project Acquisition Consultant
Symbol: SKYH:OTCBB
VANCOUVER, May 26, 2011 /PRNewswire/ - Sky Harvest Windpower Corp. (OTCBB: SKYH) (the "Company") is pleased to announce that it has retained Kyle Loney as its project acquisition consultant. Mr. Loney will be responsible for analyzing potential project acquisitions in the renewable energy sector and providing recommendations to the Board of Directors based on his capital budgeting assessments.
Mr. Loney holds an Economics degree from Union College in New York and is certified as a Project Management Professional by the Project Management Institute. Mr. Loney was a founding partner and currently acts as Vice-President of Business Operations for the Ecogen Group of Companies, which aids clients with solar power project development. Ecogen's projects to date have involved over $300 million in capital costs. Mr. Loney has also previously acted as project manager for Polestar CM Inc., where he managed several Vale Inco (now known as Vale Canada Ltd.), and Autumnwood Group projects ranging from $5 million to $25 million in size.
Sky Harvest has agreed to grant incentive stock options to Mr. Loney whereby he can acquire up to 200,000 shares of our common stock at a price of $0.25 for a period of five years. This grant is pursuant to the Company's previously announced 2011 Stock Option Plan.
SKY HARVEST WINDPOWER CORP.
William Iny, President
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. For more information, please contact Sky Harvest at 604-267-3041.
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 our 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; that the Company will be reviewing potential renewable energy acquisitions in the future, and that Mr. Loney will be evaluating potential acquisitions on the Company's behalf. 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, that we may not get joint venture partners or permits to erect any facilities, we may be unable to acquire the proper facilities, actual data may prove different from our current projected data, we may not encounter suitable acquisition opportunities, and that Mr. Loney may be prevented from evaluating potential corporate acquisitions due to his other business obligations. 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.
SOURCE Sky Harvest Windpower Corp.
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