Windlab (ASX:WND), a wind energy company announced improvements in year-over-year revenues, as figures reached AU$1.8 million in its half year financial results. The company also reported a 49 percent increase in cash receipts from customers reaching AU$2.95 million, up from AU$1.95 million during the same time period last year. As quoted in the press release: Operations …

Windlab (ASX:WND), a wind energy company announced improvements in year-over-year revenues, as figures reached AU$1.8 million in its half year financial results. The company also reported a 49 percent increase in cash receipts from customers reaching AU$2.95 million, up from AU$1.95 million during the same time period last year.

As quoted in the press release:

Operations Update:

During the half WND achieved the following key outcomes:

• Successfully raised a US$10M(A$14m) investment for a 25% interest in Windlab East Africa (Pty) Ltd, the holding entity for WND’s East African portfolio, partnering with Eurus Energy Holdings Corporation of Japan.

• Refinanced, extended, expanded, and drew down a $10m senior debt facility with the CEFC.

• Appointment as asset manager of the Nevertire Solar Farm, bringing assets under management to over $1b.

• Re-tendered EPC contracts at Lakeland Wind Farm, with multiple viable responses received. Negotiations continue with a shortlist of suppliers, equity and debt providers. However, project financiers, particularly lenders, are now insisting on a project having an approved Generator Performance Standard, before financial close. Historically this was only required well after financial close, before commercial operations. Despite efforts to negotiate and compress the time taken by Ergon and AMEO to complete related tasks it now appears that financial close of Lakeland will be delayed until 2020, due to this new market dynamic.

Click here to read the full press release.

Featured
Facedrive Inc. a Canadian "people-and-planet first" tech ecosystem, today announced its Q3 interim financial statements for the period ended September 30, 2021 . All financial results are reported in Canadian dollars, unless otherwise stated. Facedrive is a multi-faceted "people-and-planet first" tech ecosystem offering socially responsible services to local communities with a strong commitment to doing business ...

read more Show less
Facedrive Inc. is pleased to announce that SRCO Professional Corporation, Chartered Professional Accountants, has been appointed as the Company's new auditor effective November 8 2021.  In accordance with section 4.11 of National Instrument 51-102 Continuous Disclosure Obligations the Company will file today on SEDAR a change of auditor reporting package.  This reporting package will provide information about the ...

Facedrive Inc. (" Facedrive " or the " Company ") (TSXV: FD) (OTCQX: FDVRF) is pleased to announce that SRCO Professional Corporation, Chartered Professional Accountants, has been appointed as the Company's new auditor effective November 8 2021.  In accordance with section 4.11 of National Instrument 51-102 Continuous Disclosure Obligations the Company will file today on SEDAR a change of auditor reporting package.  This reporting package will provide information about the resignation of the Company's predecessor auditor, Deloitte LLP (" Deloitte "), as was described the Company's press release and filings dated Oct. 6, 2021 (available at www.sedar.com ), and the appointment of SRCO as the Company's successor auditor.

About Facedrive

read more Show less
Trading resumes in: Company: Facedrive Inc. TSX-Venture Symbol: FD All Issues: Non Resumption : 10:22:18 AM IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity ...

Trading resumes in:

Company: Facedrive Inc.

read more Show less

MARKETS

Markets
TSX21149.00+23.10
TSXV954.26+10.21
DOW35135.94+236.60
S&P 5004655.27+60.65
NASD15782.83+291.18
ASX7239.80-39.50

COMMODITIES

Commodities
Gold1794.41+7.78
Silver22.93+0.01
Copper4.33-0.02
Palladium1796.71+7.79
Platinum955.50-10.49
Oil68.26-1.69
Heating Oil2.11-0.04
Natural Gas4.66-0.20