Western Wind Energy: Settlement Agreement
Western Wind Energy Corp. announces that it has entered into an agreement with a third party to settle certain outstanding claims totalling US$119,000 (the "Settlement Amount"). The Settlement Amount will be converted into Canadian funds at the Bank of Canada's closing exchange rate on October 19, 2011 and will be satisfied by Western Wind issuing such number of common shares as is equal to the Settlement Amount (after conversion into Canadian funds) divided by Western Wind's closing share price on October 20, 2011, or such other price as is acceptable to the TSX Venture Exchange (the "Exchange"). The Agreement is subject to the approval of the Exchange.
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 Toronto Venture Exchange under "WND". Western Wind is a vertically integrated renewable energy production company that currently owns over 500 wind turbines and a solar field with 165 MW of rated capacity either in production or in construction in the States of California and Arizona. Western Wind further owns substantial additional development assets for both solar and wind energy in California, Arizona, and 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
Investor Relations: Western Wind Energy Corp.
Address: Suite 1326, HSBC Building
885 West Georgia Street
Canada V6C 3E8
Toll Free: 866.765.0826