For Immediate Release
Vancouver, BC – September 27, 2016 –NaiKun Wind Energy Group Inc. (TSXV: NKW) (the “Company”) is pleased to announce that it has completed the sale of 100% interest in 14 crown grant mineral claims located in the Cariboo Mining District, BC to Barkerville Gold Mines Ltd., in exchange for CDN$300,000 and an aggregate of 300,000 common shares of Barkerville Gold Mines Ltd. The agreement to sell was approved by the Company’s board and purchase, on the part of Barkerville Gold Mines Ltd., was approved by the TSX Venture Exchange. The common shares issued under the agreement will be subject to a statutory hold period of four months and one day from the date of issuance.
NaiKun Wind Energy Group Inc. is a British Columbia-based renewable energy company. Located on B.C.’s northwest coast, where the wind resource is one of the strongest and most consistent in the world, NaiKun Wind’s 396MW offshore wind project would generate enough energy to provide electricity to 200,000 B.C. homes. If the project does proceed it is expected to result in an estimated 500 jobs during construction, 50 permanent jobs for maintenance and operations and over $400 million in direct expenditures in the province during construction, of which $250 million will benefit North Coast communities.
Caution Regarding Forward-Looking Statements – This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.
The NaiKun Wind project is at an advanced stage of development with environmental approvals from the Provincial and Federal Governments and agreements in place with key suppliers and First Nations. Given its development status, construction can begin within two years if an electricity purchase agreement can be secured. For more information on NaiKun Wind, please visit www.naikun.ca.
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