Western Wind announces mailing of compulsory acquisition notice
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.
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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.
SOURCE Western Wind Energy