Western Wind Energy Corp.-- (the "Company" or "Western Wind") (TSX Venture Exchange -- "WND") (OTCQX -- "WNDEF") announces that Western Wind, together with Rothschild and PI Financial Corp., are committed to a methodical and focused sales process. With over 50 parties reviewing materials, and 16 parties into the process, we expect a robust forum within a level playing field. The buying parties are comfortable with the current board's expertise and detailed knowledge of the Company's assets. Unlike the dissident board whom personally own no shares of Western Wind, the current Board is motivated by making the right choices as our 14-year history with the shareholders and our large share position is aligned in the right direction. The Board will take the highest credible offer, and forward the best offer for full approval to the shareholders. The highest bid will not be denied.
Western Wind also reports that it has commenced legal actions in both Canada and the United States against the dissident Savitr Capital, LLC in response to what Western Wind believes are misleading statements and misuse of its registered trademark that may affect the voting process.
Western Wind is pleased by the recommendation made by Glass, Lewis and Co., the world's largest truly independent proxy advisory firm, to have the shareholders vote for the current board. The May 10, 2012 edition of the Financial Post discusses how the United States Securities and Exchange Commission is concerned about and questions the independence of firms such as ISS that offer other services to institutional clients.
