03:55 PM EST - Western Wind Energy Corp. : announced that along with its subsidiary Aero Energy, LLC, it has acquired, in an arm's length transaction, important parcels of land located in Tehachapi, California from two individuals. The purchase price for the property was $1 million U.S. which was payable as to $200,000 U.S. in cash and $800,000 U.S. worth units of the company at a deemed price of $0.65 U.S. per unit. Each unit is comprised of one common share and one half of one share purchase warrant. Each whole warrant will entitle the holder to acquire one additional share of the company at a price of $1.00 U.S. per warrant share for a period of 24 months from the date the units were issued. The hold periods for the units and underlying securities expires October 11. Western Wind Energy Corp.
shares V.WND are trading down $0.06 at $1.19.
