BKS Berkley Renewables Inc

Solar Flow-Through 2012-I Limited Partnership ("Solar Flow-Through"), a limited
partnership established by Berkley Renewables Inc. ("Berkley")
(CNSX:BKS)(FRANKFURT:WKN 871666)(BERLIN:WKN 871666) under the laws of British
Columbia, reports that it has raised $10 million in the closing of a private
placement initiated in August 2013. The funds are earmarked for development and
operation of commercial rooftop solar photovoltaic (solar PV) projects under the
Ontario Power Authority's (OPA) Small Feed-In-Tariff (FIT) program. In July
2013, Solar Flow-Through and its partners were awarded 52 Small FIT 2.1 solar PV
contracts totaling 12.18 MW AC (approximately 14.62 MW DC). These projects are
expected to be developed during the next eighteen months.


In November and December 2013, Solar Flow-Through intends to apply for
additional commercial rooftop and ground mount solar PV contracts under the OPA
Small FIT 3 program. The company is in discussions with potential partners for
its applications.


Berkley and Solar Flow-Through

Berkley owns 95% of Solar Flow-Through General Partner Ltd., the general partner
of Solar Flow-Through (the "General Partner"), as well as Solar Flow-Through
Management Ltd., the manager of Solar Flow-Through (the "Manager"). The General
Partner is responsible for approving and monitoring Solar Flow-Through's various
service providers, including the Manager. The Manager directs the affairs of,
and provides day-to-day management services to, Solar Flow-Through. In exchange
for its services, the Manager will participate in the profits of the Limited
Partnership. Berkley, as 95% holder of the Manager, will be entitled to 95% of
the profits generated by the Manager.


About Berkley Renewables

Berkley Renewables Inc. is a growth-oriented oil and gas issuer also pursuing
renewable energy opportunities, primarily in the solar energy sector. Solar
Flow-Through, a Canadian-based partnership, was formed to develop and operate
solar photovoltaic power generation projects in the Province of Ontario. Other
information available at www.berkleyrenewables.com and www.solarflowthrough.com.


ON BEHALF OF THE BOARD

Matt Wayrynen, President and Chief Executive Officer

The CNSX has not reviewed and does not accept responsibility for the adequacy or
accuracy of the content of this news release. This release may contain
statements that are considered as forward-looking statements and are subject to
various risks and uncertainties concerning the specific factors disclosed under
the heading "Risk Factors" and elsewhere in the Company's periodic filings with
Canadian securities regulators. Such information contained herein represents
management's best judgment as of the date hereof based on information currently
available. The Company does not assume the obligation to update any
forward-looking statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Berkley Renewables Inc.
Matt Wayrynen
604.682.3701
604.682.3600 (FAX)
info@berkleyrenewables.com
www.berkleyrenewables.com

Grafico Azioni Berkley Renewables (CSE:BKS)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Berkley Renewables (CSE:BKS)
Storico
Da Giu 2023 a Giu 2024