Brookfield fails to obtain sufficent share for a Permitted Bid; Western Wind remains for sale

Brookfield fails to obtain sufficent share for a Permitted Bid; Western Wind 
remains for sale 
TSX.V Symbol: "WND"
OTCQX Symbol: "WNDEF"
Issued and Outstanding: 70,617,224 
VANCOUVER, Feb. 12, 2013 /CNW/ - Western Wind Energy Corp.-- (the "Company" 
or "Western Wind") (TSX Venture Exchange -- "WND") (OTCQX -- "WNDEF") wishes 
to comment on last night's announcement from Brookfield Renewable Energy 
Partners L.P. and its indirect subsidiary WWE Equity Holdings Inc. (together 
"Brookfield"). 
Brookfield acknowledged in a press release last night, that it had failed to 
obtain the sufficient number of shares required under the Rules for a 
Permitted Bid by an Insider, namely, acceptance by 50% of independent 
shareholders of its bid of $2.60. Significantly, in its press release, 
Brookfield deliberately omitted to state the number of shareholders who had 
tendered to its bid, a fact that we believe indicates that many shareholders 
decided to reject their offer and confirms Brookfield's news release of 
January 28, 2013 where Brookfield confirms only 22% of the shareholders have 
either tendered or may do so in the future. This leaves more than 75% of 
shareholders who have said "NO" to the Brookfield Offer. The Brookfield 
bid has been public since November 23, 2012, with a nominal increase of $0.10 
per share made on January 28, 2013, sufficient time for shareholders to make 
an assessment. 
Brookfield has previously stated, three times, that their bid was a "final 
offer" and that "time is running out". Brookfield has now extended its bid by 
ten days as a result of its huge failure to obtain the required number of 
tendered shares. 
The shareholders have spoken that this offer is inadequate and we continue to 
urge Brookfield to listen to what the shareholders require. We understand 
the frustration of some long-time shareholders but we reiterate that Western 
Wind is in fact, for sale. Contrary to statements made by Brookfield, 
Western Wind's management is fully committed to a sales process that will 
maximize shareholder value. Yabucoa is proceeding towards Financial Close 
and Brookfield does not want our shareholders to receive any value for this 
asset or any other significant asset. 
As we have previously stated, Brookfield, as a large minority shareholder and 
an insider making a hostile bid, has had the effect of discouraging other 
potential bidders from proceeding because of its ability to outbid potential 
bids, with its lower cost average. No bidder wants to spend millions of 
dollars on following a process to simply have Brookfield thwart any attempt. 
If this is in fact Brookfield's last and final offer, Western Wind believes 
that a formal publicized withdrawal of Brookfield's bid will unleash a true 
auction for the Company. Alternatively, the door remains open for 
discussions between Western Wind, its investment bankers and Brookfield, on 
ways to increase shareholder value. 
By rejecting Brookfield's bid, shareholders have sent a message about the 
inadequacy of its offer and the unfairness of its tactics. As columnist Tom 
Konrad, who writes for Forbes noted on February 4th, 2013, in a column 
entitled, Brookfield's Revised Offer for Western Wind Still Too Low, "C$2.50 a 
share was too low a price for Western Wind in 2011, and C$2.60 is too low for 
a stronger Western Wind today." 
ABOUT WESTERN WIND ENERGY CORP. 
Western Wind is a vertically integrated renewable energy production company 
that owns and operates wind and solar generation facilities with 165 net MW of 
rated capacity in production, in the States of California and Arizona. Western 
Wind further owns substantial development assets for both solar and wind 
energy in the U.S. The Company is headquartered in Vancouver, BC and has 
branch offices in Scottsdale, Arizona and Tehachapi, California. Western Wind 
trades on the TSX Venture Exchange under the symbol "WND", and in the United 
States on the OTCQX under the symbol "WNDEF". 
The Company owns and operates three wind energy generation facilities in 
California, and one fully integrated combined wind and solar energy generation 
facility in Arizona. The three operating wind generation facilities in 
California are comprised of the 120MW Windstar, the 4.5MW Windridge facilities 
in Tehachapi, and the 30MW Mesa wind generation facility near Palm Springs. 
The facility in Arizona is the Company's 10.5MW Kingman integrated solar and 
wind facility. The Company is further developing wind and solar energy 
projects in California, Arizona, and Puerto Rico. 
ON BEHALF OF THE BOARD OF DIRECTORS 
"SIGNED" 
Jeffrey J. Ciachurski
President & Chief Executive Officer 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in the policies of the TSX Venture Exchange) accepts 
responsibility for the adequacy or accuracy of this release. 
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION 
Certain statements contained in this news release may constitute 
forward-looking information under applicable Canadian securities 
legislation. These statements relate to future events and are prospective in 
nature. All statements other than statements of historical fact may 
constitute forward-looking statements or contain forward-looking information. 
Forward-looking statements are often, but not always, identified by the use of 
words such as "may", "will", "project", "predict", "potential", "plan", 
"continue", "estimate", "expect", "targeting", "intend", "could", "might", 
"seek", "anticipate", "should", "believe" or variations thereof. 
Forward-looking information may relate to management's future outlook and 
anticipated events or results and may include statements or information 
regarding the future plans or prospects of the Company. 
Forward-looking information is based on certain factors and assumptions 
regarding, among other things, the outcome of a hearing before the OSC, if 
such hearing occurs, the results of a valuation, if obtained by Brookfield , 
and the availability of a financially superior offer,. Several factors could 
cause actual results to differ materially from those expressed in the 
forward-looking statements, including, but not limited to: the outcome of a 
hearing before the OSC, if such hearing occurs, the results of a valuation, if 
obtained by Brookfield, may not be as anticipated by the Company, actions 
taken by Brookfield, actions taken by the Western Wind Shareholders in 
relation to the Offer, the possible effect of the Offer on the Company's 
business, the outcome of the Company's previously-announced sale process, and 
the availability of value-maximizing alternatives relative to the Offer. 
Additional risks and uncertainties can be found in the Company's MD&A for the 
year ended December 31, 2011 and the Company's other continuous disclosure 
filings which are available at www.sedar.com. 
Forward-looking statements and forward-looking information involve known and 
unknown risks, uncertainties and other factors that may cause actual results 
or events to differ materially from those anticipated. Forward-looking 
information is subject to a variety of known and unknown risks, uncertainties 
and other factors that could cause actual events or results to differ from 
those reflected in the forward-looking statements including, without 
limitation: the risk that the outcome of a hearing before the OSC will not be 
in the Company's favor, the results of the valuation, if obtained by 
Brookfield, will not be as anticipated by the Company, the progress of Western 
Wind's sales process, and, assuming the Company receives an expression of 
interest from a prospective purchaser, whether a financially superior offer 
for Western Wind emerges, whether the Company is able to successfully 
negotiate a prospective sales transaction and whether the conditions of any 
proposed transaction, including receipt by the Company of all necessary 
approvals, are met. 
The Company believes that the expectations reflected in the forward-looking 
statements contained in this news release are reasonable, but no assurance can 
be given that they will prove to be correct. Actual results and future 
events may differ materially from those anticipated and accordingly 
forward-looking statements should not be unduly relied upon. Forward-looking 
statements contained in this document speak only as of the date of this news 
release. Except as required by applicable law, Western Wind disclaims any 
obligation to update any forward-looking information. 
Investor Relations Contact: 
Lawrence Casse AlphaEdge 
Tel:(416) 992-7227 Email:alphaedgeinc@gmail.com 
SOURCE: Western Wind Energy 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/February2013/12/c5033.html 
CO: Western Wind Energy
ST: British Columbia
NI: OIL ENV UTI MNA  
-0- Feb/12/2013 20:17 GMT
 
 
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