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Western Wind Energy Corp V.WND



TSXV:WND - Post by User

Comment by Nakateon Feb 11, 2013 10:45pm
112 Views
Post# 20972336

RE: RE: BROOKFIELD EXTENDS THE OFFER

RE: RE: BROOKFIELD EXTENDS THE OFFER

Brookfield's generous heart

 

Brookfield Renewable is very encouraged by the number of shares that have been tendered since the release of the Ontario Securities Commission (“OSC”) decision on Friday, February 8, 2013. On that date, the OSC dismissed the application of Western Wind and agreed with Brookfield Renewable that a formal valuation of the Western Wind common shares is not required. Brookfield Renewable realizes that many shareholders were waiting for the OSC decision before deciding whether to tender to the Offer. Given that the OSC decision was only announced on February 8th, Brookfield Renewable wants to ensure that shareholders have adequate time to tender to the Offer, and has extended the Offer by 10 days, the minimum period permitted by statutory requirement. 

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