Nov 6 (Reuters) - Windlab Ltd (WND) : INFRARED CAPITAL PARTNERS...

Nov 6 (Reuters) - Windlab Ltd (WND) :

• INFRARED CAPITAL PARTNERS WITHDRAWS FROM LAKELAND WIND FARM PROJECT
• INFRARED'S EXCLUSIVITY ARRANGEMENT HAS BEEN TERMINATED AND WINDLAB HAS RE-ENGAGED WITH ALTERNATIVE EQUITY PARTNERS.
• WINDLAB REMAINS CONFIDENT IN LAKELAND PROJECT AND WILL CONTINUE TO WORK TOWARDS FINANCIAL CLOSE OF LAKELAND AS QUICKLY AS POSSIBLE
• LIKELY THAT FINANCIAL CLOSE OF LAKELAND PROJECT WILL BE DELAYED INTO EARLY 2019
• IT IS LIKELY THAT FINANCIAL CLOSE OF PROJECT WILL BE DELAYED INTO EARLY 2019.
• INFRARED WITHDRAWS CITING INABILITY TO PRICE RISKS ASSOCIATED WITH PROJECT'S GRID CONNECTION, INCLUDING RISK OF NETWORK LOSSES & CURTAILMENT