Western Wind Energy Corp V.WND

10 day extension if BEP gets 50%

[impega]

Permitted Bids are exempted from the operation of the Plan. In summary, a Permitted Bid is a take-over

bid made by way of a take-over bid circular, which complies with the following provisions:

(a) It is made to all holders of voting shares of the Issuer of a particular class and for all

those voting shares.

(b) No voting shares can be taken up and paid for before the close of business on a date

which is not less than 60 days following the date of the take-over bid and unless more

than 50% of voting shares held by shareholders independent of the offeror are tendered

and not withdrawn.

(c) Voting shares may be tendered at any time up to the expiry date set out in (c) above and

may be withdrawn until taken up and paid for.

(d) If the condition described in (b) above is satisfied, there will be a public announcement of

that fact and the take-over bid will be open for a further period of 10 business days.

The Plan contains provisions designed to ensure that, if considered appropriate, the time for tendering to

two or more competing Permitted Bids will occur on the same date.

[Intravires69]

Yes, for those that do not tender you will not be left out in the cold.  You can tender in the 10 day extension.  The risk is clear  that if BEP does not get 50% and does not up the bid, the share price is likely to recede and we will have to wait for the auction process.  This will mnake some investors nervice.  Personally, I see $2.60 as the floor as well as has