Business & Finance
Business and Finance
Business and Finance
Thu, July 14, 2011 Sprott Power Corp. Appoints Finn Greflund to the Board of Directors
TORONTO, July 14, 2011 /CNW/ - John Varghese, Chairman of Sprott Power Corp. ("Sprott Power" or "the Company") (TSX: SPZ), a developer, owner and operator of renewable energy projects, today announced that the Company has appointed Finn Greflund to its Board of Directors.
"We are very pleased to welcome Finn Greflund to the Board of Sprott Power. His work and experience in power generation are well known throughout the industry," said Mr. Varghese. "The addition of Finn strengthens the Board and thus will provide the Company with further leadership to continue its growth into one of the leading independent renewable energy companies in Canada."
"Sprott Power is poised make a significant contribution in the North American renewable energy sector," said Mr. Greflund. "This is an exciting time to be in this industry, and I look forward to working with the Sprott Power team."
Mr. Greflund has over 30 years of power development business experience in North America. Previously, he served as Vice President, Power Generation Development at TransCanada Energy Ltd. where he led a team of professionals responsible for securing, developing and negotiating power contracts for the Corporation's thermal and renewable power portfolio. He is a past Director of the Independent Power Producers Society of Ontario, now called the Association of Power Producers of Ontario, and received their 2010 Hedley Palmer Award for outstanding contribution to the power generation industry. He is currently a member of the Professional Engineers of Ontario and the Institute of Corporate Directors.
With the addition of Mr. Greflund, Sprott Power also announced the departure of Mr. Michael Ross from the Board of Directors. "On behalf of the entire organization, we would like to express our sincere thanks to Mike for his contributions to Sprott Power during his tenure on the Board," said Jeff Jenner, President and CEO of Sprott Power.
About Sprott Power Corp.
Sprott Power is a publicly-traded (TSX: SPZ) Canadian-based company dedicated to the development, owning and operating of renewable energy projects. Through project development efforts, acquisitions, partnerships and joint ventures, Sprott Power provides its shareholders with income and growth from the renewable power generation sector of the energy industry.
Forward-Looking Statements
Certain information contained in this press release may constitute "forward-looking information" which reflect the current expectations of Sprott Power. This information reflects Sprott Power's current beliefs with respect to future events and are based on information currently available to management. Forward-looking information involves significant known and unknown risks, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking information including, without limitation, the risks listed under the heading "Risk and Uncertainties" in the Management Discussion and Analysis of Financial Results dated March 14, 2011. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking information contained in this release. Although forward-looking information contained in this release is based upon what Sprott Power believes to be reasonable assumptions, management cannot assure investors that actual results, performance or achievements will be consistent with this forward-looking information. The forward-looking information is made as of the date of this release and Sprott Power does not assume any obligation to update or revise it to reflect new events or circumstances, except as required by law.
