TSX.V Symbol: "WND"
OTCQX Symbol: "WNDEF"
Issued and Outstanding: 73,272,748
VANCOUVER, May 21, 2013 /CNW/ - 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.
SOURCE Western Wind Energy