SHEAR WIND INC. ("SWX")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: September 1, 2010
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to the Asset Transfer Agreement (the "Arrangement") involving the Company and Glen Dhu Wind Energy Inc. ("GD Energy") who will be acting on behalf of Glen Dhu Wind Energy Limited Partnership ("GDWU LP"), a limited partnership set up between the Company and Genera Avante Holdings Canada Inc. ("GAHC"). Under the terms of the Agreement, the Company will transfer the assets and liabilities related to its Glen Dhu wind power project in exchange for 51% of the units of GDWU LP at a total deemed value of $22,865,580. GAHC will pay $21,968,890 in cash in exchange for the remaining 49% units of GDWU LP.
This transaction was disclosed in the Company's press release dated June 18, June 25, July 21 and August 27, 2010.
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