Windflow seeks another $4M

Thu, 12 Dec 2013

By Pattrick Smellie Dec. 12 (BusinessDesk) – Profitless wind energy firm Windflow Technology is going back to shareholders for another $4 million as it continues to seek sales in the UK and develops a new version of its pioneering two-bladed wind turbine for lower windspeeds in collaboration with US-based General Dynamics. The NZAX-listed company has extended its debt facilities by 4 million pounds sterling to 7.4 million pounds with its 16 percent shareholder, US-based expatriate David Iles, who is also underwriting $2.5 million of the new...

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