VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 5, 2015) – NaiKun Wind Energy Group Inc. (TSX VENTURE:NKW) (“NaiKun” or the “Company”) is pleased to announce the appointment of Mr. Arthur Willms as a director of NaiKun. Mr. Willms is an experienced business man and corporate director.
Mr. Willms joined Westcoast Energy in 1971 and in 1991 he was named President and Chief Operating Officer and held this position until his retirement in 1999. In 2001 Mr. Willms was appointed to the board of directors of the British Columbia Lottery Corporation. In addition, Mr. Willms has held numerous other directorships including Pacific Northern Gas Ltd., Union Gas Ltd., Crestar Energy Inc., Gulf Canada Resources Ltd., Pristine Power Inc., Columbia Power Inc. and Angiotech Pharmaceuticals Ltd.
Mr. Philip Hughes, NaiKun’s Chairman of the Board stated, “I am extremely pleased to welcome Art Willms to the Naikun Board of Directors. I am confident that the Company and its shareholders will benefit tremendously from the extensive experience, expertise and skills that Mr. Willms will bring to the Company.”
Mr. Willms has also been appointed the Chair of the Company’s Development Committee and will be granted 200,000 incentive stock options. The options are exercisable on or before February 5, 2020 at an exercise price of $0.135 per share and all options will vest in accordance with the Company’s stock option plan. All options granted are subject to consideration and approval by the TSX Venture Exchange.
About NaiKun Wind Energy Group Inc.
NaiKun Wind Energy Group 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 400MW 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 more that $400 million in direct expenditures in the province during construction, of which $250 million will benefit North Coast communities.
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 of the award of an electricity purchase agreement. For more information on NaiKun Wind, please visit www.naikun.ca.