10:10:53 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Western Investment Company of Canada Ltd (The)
Symbol WI
Shares Issued 30,207,756
Close 2024-03-21 C$ 0.475
Market Cap C$ 14,348,684
Recent Sedar Documents

Western Investment to resume at April 23 open

2024-04-19 18:50 ET - Resume Trading

Effective at the open, Tuesday, April 23, 2024, trading in the company's shares will resume.

Further to the company's news releases dated March 22, 2024, and March 26, 2024, regarding the proposed equity investment by arm's-length investors of $20-million in the company in exchange for 50 million multiple voting shares, proposed rights offering, proposed securities consolidation and the company's proposed acquisition of additional shares of Fortress Insurance Company (the change of business), the company has submitted to the exchange acceptable documentation to resume trading.

This resumption of trading does not constitute acceptance of the change of business and should not be construed as an assurance of the merits of the transaction or the likelihood of completion. The company is required to submit all of the required initial documentation relating to the change of business within 75 days of the issuance of the news release. If this documentation is not provided or is insufficient, a trading halt may be reimposed.

Completion of the transaction is subject to a number of conditions, including, but not limited to, exchange acceptance and shareholder approval. There is a risk that the transaction will not be accepted or that the terms of the transaction may change substantially prior to acceptance. Should this occur, a trading halt may be reimposed.

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