Transactions

Transactions

Overview

Catch the Wind Ltd. Completes $15 Million Private Placement

July 31, 2008

Catch the Wind Ltd. (formerly Bayview Public Ventures Inc.) (TSXV:CTW), a high technology company headquartered in Manassas, Virginia, founded in 2008 to develop and manufacture laser-based wind sensor systems with a primary focus on developing technology to serve the wind power generation industry, completed a private placement of 11,539,000 subscription receipts at a price of $1.30 per subscription receipt for gross proceeds of $15,000,700. The offering was completed concurrently with the completion of the acquisition of all of the issued and outstanding shares of Catch the Wind, Inc. by Bayview Public Ventures Inc. as its qualifying transaction pursuant to the policies of the TSX Venture Exchange. As part of the qualifying transaction, each subscription receipt was exchanged for one common share of Catch the Wind Ltd. The subscription receipts were sold by Research Capital Corporation, as lead agent, and Canaccord Capital Corporation.

Wildeboer Dellelce LLP represented the agents in connection with the offering with a team that included Perry Dellelce, Derek Sigel, Sue Mitchell, James Brown and Lisa Cunningham (corporate/securities).