Western Wind Announces Completion of Compulsory Acquisition
VANCOUVER, May 21, 2013
VANCOUVER, May 21, 2013 /PRNewswire/ --
- All dollars are in Canadian
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 WWE Equity
Holdings Inc., an indirect wholly-owned subsidiary of Brookfield Renewable
Energy Partners L.P., has completed its compulsory acquisition of the
outstanding common shares (" Common Shares ") of Western Wind, at a price of
$2.60 in cash per Common Share, pursuant to the notice of compulsory
acquisition made under Section 300 of the Business Corporations Act (British
Columbia), and now owns 100% of the outstanding Common Shares.
In addition, Western Wind announced today that it anticipates the Common
Shares will be delisted from the TSX Venture Exchange as of the close of
business (Toronto time) on May 24, 2013. Western Wind also announced that it
will apply to the relevant securities commissions to cease to be a reporting
issuer in all applicable jurisdictions.
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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.
For further information: Jeff Rosenthal Chief Executive Officer
firstname.lastname@example.org Tel: +1-604-685-9463
Western Wind Investor Relations Contact: Vanessa Pilotte Investor Relations
E-mail: email@example.com Tel: +1-877-470-3601
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