Zephyr project developer goes bankrupt

Oneworld Energy was the company behind the Zephyr Wind project in Brooke-Alvinston, Ontario.

“We regret to inform you that Oneworld Energy Inc. filed an assignment of bankruptcy on June 5, 2012 with the Office of the Superintendent of Bankruptcy Estate 32-163280. All the remaining subsidiaries of Oneworld are dormant with no assets and/or also bankrupt.

As per Canadian bankruptcy law, creditors have been notified of the bankruptcy process. No funds are expected to be available for secured creditors, unsecured creditors or the shareholders of Oneworld.  Shareholders are advised to contact their financial advisor regarding the tax treatment of their investments.  Should you have any other queries, please email info@oneworldenergy.com.

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Posted on September 11, 2012, in Ethics, Green Breeze, Zephyr ERT, Zephyr Project. Bookmark the permalink. Leave a comment.

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