WND update!

Western Wind Energy Corp., which is trading at year highs, provided an update on the previously announced process to sell the company and all of its assets. The company also reported that Glass Lewis & Co., a leading independent proxy advisory firm, has recommended that shareholders of Western Wind vote the YELLOW proxy in support of the current board of directors of Western Wind.

There are no support on Savitr Capital that their nominees will be good directors when the current directors built WND to where it stamds now. However, it is true that there were delays in the project and lack of update information. Also, the board's willingness to pursue a sale transaction. Notably, the existing board declined to engage Algonquin Power & Utilities Corp. after that party offered to acquire the Company in October 2011 for a purchase price that represented a premium of approximately 88.0% to the unaffected closing price of WWEC shares at that time.

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