Finavera Wind Energy Inc. (TSX-V: FVR) has obtained TSX Venture Exchange approval for the $200,000 convertible promissory note financing with an at arm’s length lender, as previously announced February 24, 2012. The note will accrue interest at a rate of 12% per year, all of which will be payable on demand in cash or common shares of Finavera Wind Energy, at the Lender’s option. If conversion occurs, shares will be issued at a price equal to the 20-day volume-weighted average trading price of Finavera Wind Energy common shares on the TSX Venture Exchange prior to the date of conversion, subject to a minimum conversion price of 44 cents. Proceeds of the loan will be used for general working capital.