Press Releases December 2008
RE: BAY WIND FIELD CEDIF ANNOUNCES STOCK SPLIT
The Bay Wind Field Inc. CEDIF is pleased to announce that its stockholders approved a ten to one
(10:1) stock split, which took effect on September 15th, 2008.
The stock split was approved by the Company's shareholders at the special meetings held on
July 16th and July 17th, 2008. Shareholders of record on the Record Date
surrendered their existing certificates of common shares and replacement certificates were
issued, on the basis of 10 shares being issued for every one common share
held by such holder. The current authorized capital of the company consists of 50,000,005
common shares without par value outstanding, following the share split, their will be approximately 37,495,200
common shares issued and outstanding.
The Bay Wind Field Inc. (Bay Wind) is an independent, community owned corporation which
has been raising capital through the Community Economic Development Investment Fund (CEDIF)
program in Nova Scotia. The CEDIF program affords Nova Scotian taxpayers attractive
incentives for investing in Nova Scotia companies.
Bay Wind's primary investment focus is in the area of Renewable Resources such as wind
power exploration and development. Bay Wind is also analyzing emerging business opportunities
related to carbon emissions reduction, tidal and solar power, hydrogen and renewable
co-generation.
The aim of Bay Wind is to invest monies raised, in companies conducting business in the
renewable energy sector. In April of 2008, Bay Wind exercised their options to purchase
additional shares of Scotian WindFields Inc. (SWFI).
Bay Wind intends to open another offering to the public before the end of the
2008-2009 RRSP financial year.
More information about The Bay Wind Field, Scotian WindFields, the CEDIF program and investing is available on
this website.
For more information contact:
Alain Belliveau, President
The Bay WindField Inc.
Phone/Fax: 902-769-3302/2305
Download Press Release: Adobe pdf file(s)
Press Release December 2008
 (PDF Format - 110K)
About Bay Wind
Bay WindField is a community-owned CEDIF corporation which has been raising capital through a provincial
program which allows Nova Scotian taxpayers to receive incentives for investing in Nova Scotia companies. Bay Wind’s
focus is on the development of renewable energy sources and related business opportunities.
NEWS RELEASE: Scotian WindFields endorses Ecology Action Centre's call for Sustainable Infrastructure
December 16, 2008
Scotian WindFields is endorsing the Ecology Action Centre's call for sustainable infrastructure spending.
"The Ecology Action Centre's approach to the economic crisis by encouraging investment that helps transition Nova Scotia to a
low carbon economy is bang on with what we've been recommending," Chief Operating Officer, Dan Roscoe said regarding today's
release from the Ecology Action Centre.
"It makes good business and economic sense, and it also suits the government's strategy to meet the targets of the Environmental
Goals and Sustainable Prosperity Act by addressing both sustainability and prosperity" added Roscoe.
The policy analysts at Scotian WindFields added practical recommendations to the call for sustainable infrastructure funding. These
recommendations meet government's twin goals of facilitating long term strategic reduction in greenhouse gas emissions and of fueling
economic growth in the green-tech and green-collar job sectors.
Recommendation One:
Invest in onsite renewable energy and energy efficiency measures at public buildings, for example:
- Onsite wind turbines at schools, and large public infrastructure like water supply and treatment facilities
- Solar hot water panels at hospitals, long care facilities, recreation centers
- Lighting and insulation improvements at public offices and administrative facilities
Recommendation Two:
Triple the funding for energy auditors in the province, and cover all of the associated costs to the home and business owners.
(The current wait time of 4-5 months, with a prohibitive upfront cost is a major barrier to most homeowners.)
Recommendation Three:
Provide 10 year interest free loans for all onsite renewable energy generation - all active forms from commercial to residential,
including all net metered wind turbines.
By comparison, these initiatives will cost far less than the anticipated $100 Million earmarked for the twining of
Highway 104 and building of new Jails. These recommendations will also have a far more immediate and long lasting economic
ripple effect, creating many times more jobs and economic development.
Enactment of these recommendations will set Nova Scotia up well, both economically and environmentally. By taking
leadership with direct measures and by empowering residents to make local changes, the province will make the kind of
infrastructure investment that can have long-term effects and ensure a sustainable future for its citizens.
Download Press Release: Adobe pdf file(s)
SWFI Press Release December 2008
(PDF Format - 64K)
About Scotian Windfields
Scotian WindFields Inc. is a Community based company providing leadership and investment
opportunities for local Nova Scotians to invest in and share in the development of renewable
energy projects. Our initial focus has been in Nova Scotia but we are now sharing our knowledge
and approach throughout Atlantic Canada and beyond. In addition to this large scale project we
are developing many projects designed to assist businesses and homeowners in moving towards a
more sustainable forms of energy utilization. Scotian WindFields offer solar hot water systems
and embedded wind energy solutions to its ever increasing list of clients. For more information
about Scotian WindFields and how you can get involved please visit our website.
Scotia Windfields Website
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