TSX.V Symbol: "WND"
OTCQX Symbol: "WNDEF"
Issued and Outstanding: 68,427,401
VANCOUVER, Sept. 18, 2012 /CNW/ - Western Wind Energy Corp. - (the "Company" or "Western Wind") (TSX Venture Exchange - "WND")
(OTCQX - "WNDEF") announces that Western Wind is pleased by the
recommendation made by Glass, Lewis and Co., the world's largest truly
independent proxy advisory firm, to have the shareholders vote for the
current Board. This is a huge endorsement from the world's largest,
truly independent advisory firm.
The endorsements made by Savitr are riddled in controversy as the May
10, 2012 edition of the Financial Post discusses how the United States
Securities and Exchange Commission is concerned about and questions the
independence of firms such as ISS, that offer other services to
The other boutique investment firms mentioned by Savitr were denied
advisory fees from Western Wind, as management did not want to dilute
its shareholders and pay commissions just to solicit favor with small
firms that are beholden to some trading accounts.
Jeff Ciachurski states "we have received an endorsement from the only truly independent advisory
firm. The rest of Savitr's support is in conflict. The current Board
and Management are the only party that can maximize the sale of the
Company. I will dedicate my 14 years of hard work, passion and
intimate knowledge of these assets, to bringing Western Wind's
shareholders the highest price."
Western Wind urges shareholders to support the current Board of
Directors and the sale process currently underway. Vote only the YELLOW
proxy and ensure Western Wind receives it prior to Friday, September
21, 2012 at 10:00 a.m. (Vancouver Time). Please do not vote using the
dissident proxy. Western Wind's letters to shareholders, management information circular
and other proxy materials can be found on Western Wind's website: www.westernwindenergy.com. Please check the website regularly for current information regarding
the sale process and the shareholder meeting.
If you have any questions and/or need assistance in voting your shares,
please call Laurel Hill Advisory Group LLC at 1-877-452-7184 or via
email at firstname.lastname@example.org.
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.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey J. Ciachurski
President & Chief Executive Officer
Investor Relations Contact:
Tel: (416) 992-7227
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.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This news release contains certain statements that may be considered
"forward-looking statements, such as references to the intended sale of
Western Wind and its assets. Forward looking statements are statements
that are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "anticipates", "believes",
"intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. The forward-looking statements in this press
release include statements regarding the intention of the Company to
complete legal action against the dissident. The forward-looking
statements included in this press release are based on reasonable
assumptions, including that the Company will be able to commence legal
action against the dissident. Factors that may cause results to vary
from anticipations include the risk that the Company is not able to
pursue legal action against the dissident. Although Western Wind
believes the expectations expressed in the forward-looking statements
are based on reasonable assumptions, such statements are not guarantees
of future performance and actual results may differ materially from
those contained in forward looking statements. Forward looking
statements are based on the beliefs, estimates and opinions of Western
Wind's management on the date the statements are made. Western Wind
undertakes no obligation to update these forward-looking statements in
the event that management's beliefs, estimates or opinions, or other
factors, should change, except as required by law.
SOURCE: Western Wind Energy
For further information:
Investor Relations Contact:
Tel: (416) 992-7227