Issued and Outstanding:
March 20, 2013
Western Wind Energy Corp.
-- (the "
" or "
") (TSX Venture Exchange -- "WND") (OTCQX -- "WNDEF") today announced that, following the take-up and payment by WWE Equity Holdings Inc. (the "
") of 56,617,406 common shares of Western Wind, representing approximately 91.48% of the outstanding 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
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
. Western Wind further owns substantial development assets for both solar and wind energy in the U.S. The Company is headquartered in
and has branch offices in
. 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
, and one fully integrated combined wind and solar energy generation facility in
. The three operating wind generation facilities in
are comprised of the 120MW Windstar, the 4.5MW Windridge facilities in
, and the 30MW Mesa wind generation facility near
. The facility in
is the Company's 10.5MW
integrated solar and wind facility. The Company is further developing wind and solar energy projects in
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