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Western Wind Energy: Private placement
Die untenstehende Meldung ist eine Original-Meldung des Unternehmens. Sie ist nicht von der ECOreporter.de-Redaktion bearbeitet. Die presserechtliche Verantwortlichkeit liegt bei dem meldenden Unternehmen.
Western Wind Energy Corp. ("Western Wind" or the "Company") is pleased to announce that it has closed a brokered private placement offering (the "Offering") of 7,015,700 units ("Units") at a price of $0.65 per Unit for gross proceeds of $4,560,205. Each Unit is comprised of one (1) common share and one (1) half of one share purchase warrant. Each whole warrant entitles the holder to purchase one (1) additional common share for a period of two years at a price of $ 1.00 per share. The hold periods for the Units and the underlying securities expires on September 5, 2009.
A Canadian agent acted as agent in the Offering and, in consideration for their services, Western Wind paid the agent a commission equal to 7% of the gross proceeds of the Offering. In addition, Western Wind issued to the agent 491,099 broker's warrants entitling the agent to acquire, subject to certain anti-dilution provisions set out in the Agency Agreement, one Unit (an "Agent's Unit"), for a period of 24 months from the closing date of the Offering. Each Agent's Unit is comprised of one common share and one-half of one share purchase warrant. One whole warrant entitles the agent to acquire one additional common share (an "Agent's Warrant Share") at a price of $1.00 per Agent's Warrant Share for a period of 24 months from the closing date of the Offering.
Western Wind intends to use the proceeds from the Offering, in part, to secure a letter of credit on behalf of Southern California Edison in connection with its power purchase agreement and to fund development activities on the 120MW Windstar Project, the re-powering of our Mesa Wind Farm and to continue development of our solar initiative in the Province of Ontario.
The offered securities will not be registered under the United States Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold in the United States absent registration or an applicable exception from such registration requirements.
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 120MW 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.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey J. Ciachurski
Chief Executive Officer
Western Wind Energy Corp. ("Western Wind" or the "Company") is pleased to announce that it has closed a brokered private placement offering (the "Offering") of 7,015,700 units ("Units") at a price of $0.65 per Unit for gross proceeds of $4,560,205. Each Unit is comprised of one (1) common share and one (1) half of one share purchase warrant. Each whole warrant entitles the holder to purchase one (1) additional common share for a period of two years at a price of $ 1.00 per share. The hold periods for the Units and the underlying securities expires on September 5, 2009.
A Canadian agent acted as agent in the Offering and, in consideration for their services, Western Wind paid the agent a commission equal to 7% of the gross proceeds of the Offering. In addition, Western Wind issued to the agent 491,099 broker's warrants entitling the agent to acquire, subject to certain anti-dilution provisions set out in the Agency Agreement, one Unit (an "Agent's Unit"), for a period of 24 months from the closing date of the Offering. Each Agent's Unit is comprised of one common share and one-half of one share purchase warrant. One whole warrant entitles the agent to acquire one additional common share (an "Agent's Warrant Share") at a price of $1.00 per Agent's Warrant Share for a period of 24 months from the closing date of the Offering.
Western Wind intends to use the proceeds from the Offering, in part, to secure a letter of credit on behalf of Southern California Edison in connection with its power purchase agreement and to fund development activities on the 120MW Windstar Project, the re-powering of our Mesa Wind Farm and to continue development of our solar initiative in the Province of Ontario.
The offered securities will not be registered under the United States Securities Act of 1933, as amended, or applicable state securities laws, and may not be offered or sold in the United States absent registration or an applicable exception from such registration requirements.
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 120MW 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.
ON BEHALF OF THE BOARD OF DIRECTORS
Jeffrey J. Ciachurski
Chief Executive Officer