LYCOS RETRIEVER 
Wind: Western Wind
built 177 days ago
VANCOUVER, Oct. 24 /PRNewswire-FirstCall/ - Western Wind Energy is the largest producing pure wind energy, publicly traded company (non-income trust) in North America. Western Wind Energy currently produces 34.5 MW of energy from over 500 wind turbine generators located in Southern California. Western Wind ... has over 155 MW of expansion power sales agreements with the associated projects in the late stage of development. In addition, Western Wind Energy has a credible pipeline of over 1,300 MW of site locations in the State of California.
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Western Wind Energy has closed the non-brokered private placement announced in the Company's news release of October 2, 2007. Western Wind Energy issued 2,061,400 units at a price of $1.40 per unit. Each unit is comprised of one common share and one share purchase warrant. With respect to the first tranche of 2,041,400 units, one warrant will entitle the holder to purchase one common share at a price of $1.75 per share until October 19, 2009. The hold period for these units and the underlying securities expires on February 20, 2008. With respect to the second tranche of 20,000 units, one warrant will entitle the holder to purchase one common share at a price of $1.75 per share until November 9, 2009.
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Western Wind Energy is in the business of acquiring exceptional land sites, capital and technology for the production of electricity from wind energy. Western Wind Energy conducts its operations through its wholly owned subsidiaries in Arizona and California. Management of Western Wind Energy includes individuals involved in the operations and ownership of utility scale wind energy operations in California since 1981.
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