Western Wind Announces Mailing of Compulsory Acquisition Notice
VANCOUVER, March 20, 2013
VANCOUVER, March 20, 2013 /PRNewswire/ --
TSX.V Symbol: "WND" OTCQX Symbol: "WNDEF" Issued and Outstanding: 73,272,748
Western Wind Energy Corp. -- (the " Company " or " Western Wind ") (TSX
Venture Exchange -- "WND") (OTCQX -- "WNDEF") today announced that, following
the take-up and payment by WWE Equity Holdings Inc. (the " Offeror ") of
56,617,406 common shares of Western Wind, representing approximately 91.48% of
the outstanding common shares (" Common Shares ") of Western Wind (calculated
on a fully-diluted basis) validly deposited to the offer made by Brookfield
Renewable Energy Partners L.P., through the Offeror, to acquire all of the
issued and outstanding Common Shares of Western Wind, the Offeror has mailed a
notice of compulsory acquisition to all remaining holders of Common Shares in
accordance with the compulsory acquisition provisions in Section 300 of the
Business Corporations Act (British Columbia).
Pending the completion of the compulsory acquisition, Western Wind has applied
to securities regulators to request an exemption from certain continuous
disclosure requirements, including the requirement to prepare, file and
deliver to the remaining holders of Common Shares annual financial statements
for the annual period ended December 31, 2012, interim financial statements
for the interim period ended March 31, 2013 and related materials.
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
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.
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.
For further information:
Jeff Rosenthal Chief Executive Officer firstname.lastname@example.org
Western Wind Investor Relations Contact: Vanessa Pilotte Investor Relations
E-mail: email@example.com Tel: 877-470-3601
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