Montana-Dakota Utilities Co., Inc. entered into an agreement to acquire Thunder Spirit Wind, LLC from Wind Works Power Corp.(OTCPK:WWPW) for $27 million on November 24, 2014. The project cost is approximately $200 million. The transaction is subject to regulatory approval. The transaction is expected to be completed in December 2015. The transaction includes repayment of the bridge loan Wind Works had obtained for the project on December 20, 2013, in the amount of approximately $20 million plus interest and fees. Equitygate and Headwaters MB, LLC acted as financial advisors for Wind Works Power.

Montana-Dakota Utilities Co., Inc. completed the acquisition of Thunder Spirit Wind, LLC from Wind Works Power Corp. (OTCPK:WWPW) on November 25, 2014.