Toronto Stock Exchange (Venture) Symbol: "WND"
OTCQX Symbol: "WNDEF"
Issued and Outstanding: 71,127,175
VANCOUVER, Feb. 28, 2013 /CNW/ - Western Wind Energy Corp. (the "Company" or "Western Wind") remembers that 14 years ago, we had a shared dream of building a company that would develop, own and operate wind and solar projects. The key to our success would be to engage the best individuals and move decisely for the right reasons. The road would not be smooth but we never wavered from our vision. We succeded in creating, buying, building, owning and operating 165 megawatts of green energy generation with many more megawatts in development.
With the humble beginings of just a few hundred thousand dollars, we expanded to providing clean energy to over 48,000 homes. This was the work of intellectual capital. Assessing areas and regions with abundant sunshine and wind, we provided to society, energy, jobs, taxes and benefits, to something that previously had no value.
There were many people who helped us navigate the challenging business environment of carving out a niche, as a well respected player in the energy generation business. This was the domain of giants and as a small upstart, and with an unyielding desire and vision, we did what was right for both the environment and our shareholders. We are humbled by the outcome of having our shareholders exit with, in most cases, a sizable return on their investment. We grew our share price on average, 20% each and every year since 2000 and our assets, by 60%, each and every year, over the same period.
Jeff Ciachurski, CEO of Western Wind Energy Corp. states "Western Wind has been sold and I can now concentrate our efforts on building the next flagship company, Greenbriar Capital Corp. (stock symbol "GRB", on the Toronto Venture Exchange.) I have fourteen years of excellent banking, energy, business and engineering relationships that will be mobilized for Greenbriar."
About Western Wind Energy Corp.
Western Wind Energy Corp. (OTCQX: WNDEF; TSX.V: WND) trades in the United States on the OTCQX under the symbol "WNDEF" and on the TSX Venture Exchange under the symbol "WND". Western Wind is a vertically integrated renewable energy production company that directly owns over 165 MW of rated solar and wind capacity in production in the States of California and Arizona. Western Wind further owns substantial additional development assets for both solar and wind energy in California, Arizona, Ontario, Canada; and in the Commonwealth of Puerto Rico.
Western Wind is in the business of owning and operating wind and solar energy generating facilities. Management of Western Wind includes individuals involved in the operations and ownership of utility scale wind energy facilities in California since 1981.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey J. Ciachurski
President & Chief Executive Officer
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.
Certain statements in this press release constitute "forward-looking statements" under applicable securities laws, which involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Words such as "expects", "anticipates", "intends", "projects", "plans", "will", "believes", "seeks", "estimates", "should", "may", "could", and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and actual events or results may differ materially. There are many factors that could cause such actual events or results expressed or implied by such forward-looking statements to differ materially from any future results expressed or implied by such statements. Such factors include, but are not limited to, the state of the Company's business activities and various factors discussed in the Company's annual report and annual information contained in the Company's 20F Annual Report filed with the United States Securities and Exchange Commission and securities regulators in Canada. Forward-looking statements are based on current expectations and the Company assumes no obligation to update such information to reflect later events or developments, except as required by law.
SOURCE: Western Wind Energy
For further information:
1326 - 885 WEST GEORGIA STREET
VANCOUVER, BC, V6C 3E8
TELEPHONE: 604.685.WIND (9463)