Community Wind Development in Northeastern Nova Scotia

Offering Open until March 3rd

on Feb 6, 2014 in News |

As a small independent wind developer, our goal is to produce clean renewable wind energy by installing wind turbines on several sites throughout Northeastern Nova Scotia. Since the COMFIT program started in 2011, we have been researching several potential sites for development. We are pleased to announce that contracts have been executed with Enercon to supply and install wind turbines this year in Chéticamp and Mulgrave.

Celtic Current Inc. intends to raise a total of $2.53 million in equity with the help of local investors to install 5.6MW of wind energy. The majority of the project equity is raised through an offering document.  To date, we have over 110 investors and have raised $1.89 million for the Project.  Zutphen Wind Inc. will match the contributions made by Celtic Current Inc. Nova Scotia investors may receive a 65% equity tax credit over 15 years and your investment may qualify as an RRSP holding.  Details are outlined in our offering document.

Table 1

In addition to the tax credits, Celtic Current Inc. expects the rate of return to investors will be approximately 7.6% over 20 years (excluding the Equity Tax Credit). Shares for this offering are $1.20 each. The minimum investment for Celtic Current Inc. is $2,400.

Contact us for a copy of our offering document. If you decide to invest, we will arrange an appointment to meet with you at a place that is convenient for you. If you are purchasing shares through an RRSP or transferring existing RRSPs from another institution, we will complete the forms in a one step process.

The deadline for new RRSPs is March 3rd.

Please contact martha@celticcurrent.ca or call (902) 945-2300, extension 105 for more information.

Thank you for your interest in our project.

Celtic Current LP is 100% locally owned and operated by Nova Scotia Residents. We are committed to using local strengths and capabilities to promote strong sustainable communities. Your money will stay in Nova Scotia when you invest with us.

This CEDIF offering is a high risk investment. This offering is made through an offering document, which can be obtained from an authorized sales agent, Martha Campbell (902) 945-2300 ext 105. This offering constitutes an exempt offering of these securities only in Nova Scotia by authorized sales agents. Investors should read the offering document before making an investment decision. * CEDC must meet other conditions of the Equity Tax Credit Act.