Western Wind announces mailing of compulsory acquisition notice
VANCOUVER, March 20, 2013
TSX.V Symbol: "WND"
OTCQX Symbol: "WNDEF"
Issued and Outstanding: 73,272,748
VANCOUVER, March 20, 2013 /PRNewswire/ - 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 "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.
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.
SOURCE Western Wind Energy
Chief Executive Officer
Western Wind Investor Relations Contact:
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