WESTERN GEOPOWER ANNOUNCES GEYSIR GREEN ENERGY ...
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NEWS RELEASE
DATE: October 5, 2009 FOR IMMEDIATE RELEASE
TRADING SYMBOLS: TSX-V (CANADA): WGP.V FRANKFURT: WE6.F
WESTERN GEOPOWER ANNOUNCES GEYSIR GREEN ENERGY DIVESTS ITS HOLDINGS
VANCOUVER, Canada, October 5, 2009, TSX Venture Exchange Trading
Symbol: WGP - Western GeoPower Corp. ("WGP"), a renewable energy
company, today announced that it has been advised by Geysir Green
Energy ("Geysir") that it has sold 47,333,334 common shares in WGP,
representing all of the common shares it held in WGP, at a price of
CAD$0.18 per share, for aggregate gross proceeds of CAD$8,520,000.
Geysir stated that it sold the common shares as part of its objective
to focus on its efforts on increasing installed capacity in operating
geothermal power and heating plants in Iceland and China.
About Western GeoPower Corp.
Western GeoPower Corp. is a renewable energy company dedicated to the
development of geothermal energy projects for the delivery of clean,
sustainable, baseload electricity generation. The Company is
developing The Western GeoPower Unit 1 geothermal power plant at The
Geysers Geothermal Field in Sonoma County, California, United States;
the South Brawley geothermal project in Imperial County, California,
United States; and the South Meager geothermal project in British
Columbia, Canada.
On behalf of the Board of Western GeoPower Corp
"Daryl S. Clark"
Daryl S. Clark, President & CEO
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release contain forward-looking
information within the meaning of applicable securities laws in
Canada ("forward-looking information"). The words "anticipates",
"believes", "budgets", "could", "estimates", "expects", "forecasts",
"intends", "may", "might", "plans", "projects", "schedule", "should",
"will", "would" and similar expressions are often intended to
identify forward-looking information, although not all
forward-looking information contains these identifying words.
The forward-looking information in this press release includes, but
is not limited to, Geysir's objective to focus on its efforts on
increasing installed capacity in operating geothermal power and
heating plants in Iceland and China.
All forward-looking information in this press release is qualified in
its entirety by this cautionary statement and, except as may be
required by law, the Company undertakes no obligation to revise or
update any forward-looking information as a result of new
information, future events or otherwise after the date hereof.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
For more information or to be put on our email list, please contact
Nicole Robson - Marketing and Media: Office (604) 662-3338 or
US/Canada Toll Free: 1-866-662-3322, email: info@geopower.ca Investor
Relations: ir@geopower.ca
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Western GeoPower Corp.
837 West Hastings Street Suite 411 Vancouver,
BC<br>V6C 3N6 Canada
WKN: 254049; ISIN: CA95827Q1037;
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