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Western Wind Energy announces exercise of agent's option of 20%
PR Newswire, May 29, 2008
Toronto Venture Exchange Symbol: "WND" Issued and Outstanding: 29,894,021
VANCOUVER, May 29 /PRNewswire-FirstCall/ -- Further to our news release dated May 27, 2008, Western Wind Energy Corp. ("Western Wind" or the "Company") is pleased to announce that a syndicate led by Loewen, Ondaatje, McCutcheon Limited ("LOM"), and including Clarus Securities Inc., has advised it that they have received indications of interest for the offering of $15 million. The agents have also exercised their option to increase the offering by 20%, for aggregate offering of $18 million.
Western Wind Energy Corp. is a wind energy producer that currently has over 155 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.
Western Wind is in the business of acquiring exceptional land sites, capital and technology for the production of electricity from wind energy. Western Wind Energy conducts its operations through its wholly owned subsidiaries in Arizona and California. Management of Western Wind Energy 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 "SIGNED" Jeffrey J. Ciachurski Chief Executive Officer The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news 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.
CONTACT: Western Wind Energy Corp., Suite 1326 - 885 West Georgia Street, Vancouver, BC, V6C 3E8, Canada, Telephone: (604) 685-WIND (9463), Facsimile: (604) 685-9441, http://www.westernwindenergy.com/
CONTACT: Western Wind Energy Corp., Suite 1326 - 885 West Georgia Street, Vancouver, BC, V6C 3E8, Canada, Telephone: (604) 685-WIND (9463), Facsimile: (604) 685-9441, http://www.westernwindenergy.com/
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