Vancouver, BC -- January 11, 2012 -- Western Wind Energy
Corp. -- (Toronto Venture Exchange -- "WND") (OTCQX
-- "WNDEF"), is pleased to announce that it has
arranged a $3.1 million non-brokered private placement of
1.55 million units at $2.00 Cdn. per unit. Each unit consists
of one (1) common share and one-half (1/2) of a share
purchase warrant. Each full warrant can be exercised at $2.00
for the purchase of an additional common share, for a period
of two (2) years.
Western Wind has executed a finder's fee arrangement with
PI Financial Corp. ("PI") whereby PI introduced
investors to Western Wind. PI shall be paid 7% cash and 7%
share purchase warrants entitling PI to purchase one
additional common share at $2 per share, for a period of two
(2) years. The use of proceeds will be for the Yabucoa
Project, Puerto Rico, future acquisitions and working
capital.
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 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
Investor Relations
Contact: Lawrence Casse
Email: alphaedgeinc@gmail.com
Telephone: (416) 992-7227
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.
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