FVR issued a press release at 2:46 ET ---
FINAVERA GRANTS STOCK OPTIONS
Finavera Wind Energy Inc.'s board of directors has approved the granting of incentive stock options under its stock option plan to certain of its directors and employees to acquire up to an aggregate of 1,783,800 common shares of the corporation. All of such options are exercisable for a period of five years at a price of 20.5 cents per common share.
All prior outstanding stock options have been cancelled with the consent of the optionee. Upon the granting of the options described herein, Finavera has a total of 1,783,800 options outstanding, which represent approximately 4.5 per cent of the 39,405,216 common shares currently outstanding. Finavera's stock option plan was approved by shareholders at the company's annual general meeting on Sept. 7, 2012, and currently limits the issuance of options to no more than 10 per cent of the outstanding common shares.