​NaiKun Wind Energy Group Inc. closes C$700 thousand private placement

Date Closed: July 14, 2014

Value: C$700 thousand

On July 14, 2014, NaiKun Wind Energy Group Inc. (NaiKun) and Mr. Joseph Houssian, a director and insider of the Company, completed the private placement of 10,000,000 units (the units) to Joseph Houssian. The 10,000,000 Units were issued at a price of $0.07 per unit for gross proceeds of C$700,000 with each unit consisting of one common share of the Company and 0.75 common share purchase warrant. Each whole Warrant will entitle Mr. Houssian, the holder, to acquire a common share at the exercise price of $0.10 per share until July 14, 2019.

NaiKun intends to use the net proceeds from the Offering for general corporate purposes, including working capital, to further the development of the Haida Energy Field Project.

NaiKun Wind Energy Group Inc., headquartered in Vancouver, British Columbia is a renewable energy company.

BLG represented Naikun Wind Energy Group Inc. with a team led by Jeffrey Read that included Stephen Robertson and Andy Roy.