Letter to Shareholders Letter to Shareholders - Western Wind Thanks Stakeholders and Friends
02/28/2013 01:31 AM ET
VANCOUVER, British Columbia, Feb 28, 2013 (PR Newswire Europe via COMTEX News Network) -- VANCOUVER, British Columbia, February 28, 2013 /PRNewswire/ --
Toronto Stock Exchange (Venture) Symbol: "WND"
OTCQX Symbol: "WNDEF"
Issued and Outstanding: 71,127,175
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 beginnings 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. 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.