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
"SIGNED"
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