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