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Americas Wind Energy (AWNE)

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Wind Power #board-12679

 

   

Americas Wind Energy Corp. (AWNE.OB)
24 Palace Arch Drive
Toronto, Ontario
M9A 2S1 Canada

Phone: (416) 233-5670
__Fax: (416) 233-6493
eMail: investors@awe.com

Website:
http://www.awewind.com

Investor Relations:


Share Structure:
AS: 100M

  • Estimated Market Cap

    $10,335,362 as of May 28, 2009
  • Outstanding Shares

    31,319,279 as of Mar 4, 2008



Formerly Northwest Passage Ventures, Ltd. (NWPV) until 10-06
shares increased by 6 for 1 split on 06/06/2005

Transfer Agent:

SEC filings:
http://www.pinksheets.com/quote/filings.jsp?symbol=AWNE
http://sec.gov/cgi-bin/browse-edgar?company=&CIK=0001265840&action=getcompany

Form Type Form Description Pages Date View
4 Statement of changes in beneficial ownership of securities 0 05/26/09  
8-K Report of unscheduled material events or corporate changes. 3 04/02/09  
10-Q Quarterly report which provides a continuing view of a company's financial position 31 03/24/09  
NT 10-Q Notification that form type 10-Q will be submitted late 2 03/18/09  
8-K Report of unscheduled material events or corporate changes. 36 03/11/09  
10-Q Quarterly report which provides a continuing view of a company's financial position 33 01/21/09  
NT 10-Q Notification that form type 10-Q will be submitted late 2 12/16/08  
10KSB Annual report filed by small businesses 63 11/12/08  
NT 10-K Notification that form 10-K will be submitted late 2 10/30/08  
4 Statement of changes in beneficial ownership of securities 0 07/11/08  
10QSB Quarterly report filed by small businesses 39 06/16/08  
4 Statement of changes in beneficial ownership of securities 0 05/14/08  
8-K Report of unscheduled material events or corporate changes. 5 05/14/08  





 


Reverse Takeover Transaction:
On August 11, 2006, the Company entered into a share exchange agreement with 6544797 Canada Ltd. (the "Purchaser"), a Canadian corporation and wholly owned subsidiary of the Company, Americas Wind Energy Inc., a private Ontario corporation ("Priveco"), and the former stockholders of Priveco. The closing of the share exchange agreement and the acquisition of all of the issued and outstanding common stock of Priveco occurred on August 11, 2006.

In accordance with the closing of the share exchange agreement, the Company:

a) caused the Purchaser to issue 30,000,000 class A preferred shares in the capital of the Purchaser, which included the right to be converted to 30,000,000 common shares in the capital of the Company; and

b) issued 30,000,000 class A special voting shares in the capital of the Company,

in exchange for all of the 130,000 issued and outstanding common shares of Priveco.

Upon exchange of any of the 30,000,000 class A preferred stock of the Purchaser into common shares of the Company, the 30,000,000 class A special voting shares are to be cancelled and would not be reissued by the Company.

Immediately prior to the share exchange, the Company had 57,545,143 common shares outstanding. As of August 11, 2006, following the cancellation of 37,541,249 common shares held by a former stockholder and officer of the Company, and the issuance of 2,500,000 common shares, which were issued pursuant to a private placement of 2,500,000 units in connection with the share exchange agreement, the Company had 22,503,894 common shares and 30,000,000 class A special voting shares issued and outstanding. The cancellation of stock, the issuance of the 2,500,000 common shares pursuant to the private placement of units and the creation and issuance of the class A special voting shares were conditions to closing of the share exchange agreement. Accordingly, the tendered 37,541,249 common shares of the Company for cancellation were without consideration. The Company issued 2,500,000 common shares pursuant to a private placement of units and the Company amended its Articles of Incorporation to create the 30,000,000 class A special voting shares and issued said class A special voting shares to the former stockholders of Priveco. Each class A special voting share entitles the holder thereof to receive notice of, and vote at, all general meetings of the Company's stockholders. As of the closing date of the share exchange agreement, the former stockholders of Priveco held 30,000,000 class A special voting shares, representing approximately 60% of the issued and outstanding voting securities of the Company.

Effective October 16, 2006, the Company changed its name from "Northwest Passage Ventures Ltd." to "Americas Wind Energy Corporation," pursuant to the approval of the board of directors and the holders of a majority of its voting stock.

The aforementioned transaction represents a merger of a private operating company into a non-operating public shell corporation, with nominal net assets, that resulted in the stockholders and management of the private company having actual or effective operating control of the combined company after the transaction. The stockholders of the former public shell are passive investors. The transaction was therefore accounted for as a recapitalization. Under this basis of accounting, the combined entity will be considered to be a continuation of the Priveco.

 

Americas Wind Energy Corporation Announces the Completion of Agreement with EWT- Americas Inc.


TORONTO, Mar 10, 2009 (BUSINESS WIRE) -- Americas Wind Energy Corporation ("AWE" or the "Company") (OTCBB: AWNE) announces the completion of an agreement with EWT- Americas Inc. (EWT) for the exclusive sales and manufacturing rights to the Canadian, United States, Mexican and related territory markets (the "Territory").

AWE had acquired the exclusive license for the Territory along with the non-exclusive license for Central and South America and the Caribbean from Emergya Wind Technologies B.V., of the Netherlands, to sell and manufacture the Direct Wind 750kW and 900kw mid-sized direct drive wind turbines in 2004.

AWE has issued an exclusive sub-license of these rights to EWT-Americas Inc., an affiliate of Emergya Wind Technologies B.V. and a wholly-owned subsidiary of Emergya Wind Technologies Holdings B.V., a Dutch-based manufacturer and supplier of wind turbines and turnkey wind parks. Emergya B.V. specializes in the development and manufacture of advanced direct-drive (gearless) wind turbines.

The terms of the transaction include:

-- AWE sub-licensed to EWT- Americas its existing exclusive rights to market in the Territory and the exclusivity of the original license was simultaneously amended to be a non-exclusive license.

-- EWT- Americas will be the exclusive manufacturer & supplier of EWT wind turbines in the Territory.

-- AWE can not compete with EWT-Americas in the Territory and any market that AWE previously had rights under a non-exclusive license.

-- AWE will receive a sublicense fee based on a percentage of EWT-Americas business with a predetermined list of present and potential AWE customers in the Territory. The fee, to a maximum amount of $28 million, is payable over the next 5 years beginning immediately.

AWE views EWT-Americas' commitment to the Territory as a very positive development, consistent with the new US administration's pledge to increase renewable energy's share of US power. AWE plans to continue to participate in other sectors of the renewable energy industry, aided by positive cash flow from this deal, a strong balance sheet, and a commitment to growth through mergers or acquisitions. AWE considers the opportunities in the renewable energy industry to be very attractive.

 

Americas Wind Energy Corporation Announces Strategic Plans
Americas Wind Energy Corporation Announces Strategic Plans

Americas Wind Energy Corporation (“AWE” or the “Company”) (OTCBB: AWNE) announces the strategic plans of the Company.

As reported earlier, our windturbine business has been sublicensed to EWT- Americas Inc., a wholly owned subsidiary of EWT B.V.

As a result of this transaction, AWE expects to receive in payment a percentage of sales and margin on EWT’s sales to our customer list. This sale amount is capped at 5 years and $28 million.

Instead of just passively waiting for the receipt of funds, the Company’s strategic plan is to explore JV’s, mergers or acquisitions in order to increase shareholder value.

We are currently exploring a merger that looks very exciting. It is in the renewable energy field and would appear to have excellent growth prospects. The material conditions to the completion of any merger will include, among other things, our ability to fund the purchase price and ongoing working capital requirements, the completion of satisfactory due diligence and the receipt of all required approvals.

Confidentiality terms of our discussions with the potential merger partner prevent us from providing further details at this time. Shareholders are cautioned that the fund raising may not be successful and the merger may no go ahead. If it does not, other opportunities will be searched out and explored.

If you would like additional information on AWE, please view AWE’s listing on the OTCBB, symbol AWNE.

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PostSubject
#187   AWNE SEC SUSPENSION TenKay 08/31/18 09:35:40 AM
#186   on my recommended list moneybro2 06/05/18 11:44:44 AM
#185   88% BUY !$! https://www.barchart.com/stocks/quotes/AWNE/opinion TAKURI 05/15/18 03:28:24 PM
#184   I think you were right to buy $AWNE$!$!$!$!$! TAKURI 05/15/18 02:27:34 PM
#183   Ask gone from .03 to .0624. All AAsuited 05/15/18 11:54:49 AM
#182   I confess I actually bought 95K shrs yesterday. Cashcow4 05/15/18 10:10:53 AM
#181   I do not know ...... but yesterday it TAKURI 05/15/18 06:33:43 AM
#180   So what does Hal D. have in store Cashcow4 05/14/18 08:11:30 PM
#179   Swept away by the rising wind !$!$!$! TAKURI 05/14/18 01:29:53 PM
#178   .005 x.25 (252,650 bid x 7500 ask) AAsuited 05/11/18 01:24:46 PM
#177   https://www.tradingview.com/x/6ounOZlv STRONG BUY $AWNE$ TAKURI 05/08/18 05:05:11 PM
#176   Low float !$!$!$!$! TAKURI 05/08/18 04:25:51 PM
#175   STRONG BUY !$!$!https://www.barchart.com/stocks/quotes/AWNE TAKURI 05/08/18 04:25:11 PM
#171   AWNE is looking good kranthikumar 04/22/14 09:56:26 AM
#170   AWNE is smells like a winner kranthikumar 04/02/14 09:46:38 AM
#169   reading is good. mick 12/28/13 04:32:58 PM
#168   Looks like some action bout to take place Cloud nine 12/28/13 03:08:56 PM
#167   any updates? Americas Wind Energy (AWNE) mick 12/04/12 06:23:45 PM
#166   Wow I haven't looked at this dog in ErnieBilco 11/27/11 08:27:15 AM
#165   2 employees harold dickout & frank pickersgill,lol RACKnRICKY 11/26/11 10:20:04 PM
#164   Please take a look at WPNV, am new js1929 06/15/10 10:28:50 AM
#163   Stock trades fairlyt active on daily basis. fidder05 04/20/10 01:26:10 PM
#162   Nothing... ErnieBilco 02/04/10 04:29:14 PM
#161   Whats there to know about this company. laststock 02/04/10 01:43:39 PM
#160   its a dog... with fleas. agoodyear 12/08/09 10:52:37 PM
#159   HELLLLLOOOOOOOOO Anybody out there? ErnieBilco 12/07/09 08:30:18 PM
#158   Americas Wind Energy Corporation Announces Strategic Plans SmallCapXpert 08/03/09 07:59:52 PM
#157   Seems to be building support in the .30 SmallCapXpert 06/12/09 08:15:49 AM
#156   This thing has deff been getting some big SmallCapXpert 05/25/09 02:11:47 PM
#155   Holy moly, what's going on here? I checked Dr. King Schultz 05/12/09 10:13:56 AM
#154   lol, the pps ;) pj McMulligan 05/11/09 12:17:25 PM
#153   Looks like there might be news coming out SmallCapXpert 05/08/09 12:31:35 PM
#152   a $.30 break is huge on awne SmallCapXpert 05/08/09 12:31:13 PM
#151   With oil going bsck up wind energy is SmallCapXpert 05/08/09 12:30:52 PM
#150   On fire for the ;ast few days SmallCapXpert 05/08/09 12:30:23 PM
#149   Im liking this company. Clean balance sheet wdk1227 03/26/09 09:00:35 AM
#148   Added AWNE today~ Chart and news: pj McMulligan 03/12/09 01:33:45 PM
#147   according to CNBC 12.22.08 clean energy companies will Stberlin 12/22/08 06:26:14 PM
#146   anyone have any news on the merger? wdk1227 12/19/08 10:56:41 AM
#145   something isn't right here up-down 11/21/08 03:11:08 PM
#144   where are the rev's from Wray Schools turbine up-down 11/21/08 02:51:04 PM
#143   convertible loan agreement up-down 11/21/08 02:22:00 PM
#142   State issuer's revenues for its most recent fiscal up-down 11/21/08 02:13:01 PM
#141   I have been watching AWNE . I am JC$ 11/12/08 08:43:04 AM
#140   might be some life here after all wdk1227 11/11/08 11:35:58 PM
#139   Any news about the merger? snowbird63 08/22/08 12:20:55 PM
#138   Can anyone explain to me why the bid wdk1227 08/05/08 11:52:56 PM
#136   19,000 share buy!! Someone likes it! The Jig & Pig 07/24/08 11:36:36 AM
#135   great question.... any insight besides the link is appreciated..... Greencake 07/24/08 09:47:48 AM
#134   some nice buys to start the day...... Greencake 07/24/08 09:32:36 AM
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