Western Wind Energy engages Loewen, Ondaatje, McCutcheon Limited to lead marketed Private Placement of units
The Units shall not be subject to any restrictions on resale other than a four-month statutory hold period starting from Closing Date pursuant to
Multilateral Instrument 45-102 entitled "Resale of Securities". The Company shall file all applicable documents for the application of such four-month
hold period pursuant to Multilateral Instrument 45-102.
The Private Placement will be marketed to qualified investors in each of
the Provinces of Ontario, Quebec, British Columbia and Alberta and the Units
only may also be offered in certain foreign jurisdictions under applicable
exemptions and in the United States on a private placement basis to "qualified
institutional buyers" (as contemplated in Rule 144A promulgated under the
United States Securities Act of 1933, as amended) or to "accredited investors"
(as contemplated in Regulation D promulgated under the United States
Securities Act of 1933, as amended), as the Company and the Agent shall
mutually agree provided that no prospectus filing, registration requirement or
comparable obligation arises in such jurisdictions. Subscribers in the various
provinces of Canada must be "accredited investors" (as defined in National
Instrument 45-106 entitled "Prospectus and Registration Exemptions") or the
offer and sale of the Units to subscribers must otherwise be exempt from the
applicable prospectus and registration requirements set out in the securities
laws, rules or policies of the jurisdiction of their respective residence.
About Western Wind Energy Corp.
Western Wind Energy Corp. is a wind energy electrical production company that currently has over 500 wind turbines with 34.5 MW of rated capacity and a
further 120 MW of expansion power purchase agreements in the State of California. Western Wind Energy is in the business of acquiring land sites and technology for the production of electricity from wind energy. Management of
Western Wind Energy includes individuals involved in the operations and ownership of utility scale wind energy facilities in California since 1981.
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ON BEHALF OF THE BOARD OF DIRECTORS
"Jeff Ciachurski"
Chief Executive Officer and Director
Forward Looking Statement
Neither 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.
>>
Certain statements included herein are "forward-looking statements" as
defined by the Private Securities Litigation Reform Act of 1995. Management
cautions that forward-looking statements are not guarantees and that actual
results could differ materially from those expressed or implied in the
forward-looking statement. Important factors that could cause the actual
results of operations or financial condition of the Company to differ include,
but are not necessarily limited to, the risks and uncertainties discussed in
documents filed by the Company with the Securities and Exchange Commission.
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/For further information: Western Wind Energy Corp., 1326 - 885 West
Georgia Street, Vancouver, BC, V6C 3E8, Telephone: (604) 685-WIND (9463),
Facsimile: (604) 685-9441, www.westernwindenergy.com/