- The Western Investment Company of Canada has obtained regulatory approval to proceed with a normal course issuer bid
- Western may purchase up to a total of 1,500,000 common shares representing 4.9 per cent of the company’s issued and outstanding shares
- The bid will commence on February 10, 2022 and continue until February 9, 2023
- Western is a Canadian-based private investment company
- The Western Investment Company of Canada (WI) is up 8.33 per cent, trading at C$0.39 per share at 2:30 pm EST
The Western Investment Company of Canada (WI) has obtained regulatory approval to proceed with a normal course issuer bid.
Under the terms of the NCIB, Western may purchase up to a total of 1,500,000 common shares representing approximately 4.9 per cent of the issued and outstanding common shares currently issued and outstanding.
Purchases under the normal course issuer bid may commence on February 10, 2022, and continue until February 9, 2023.
The corporation has appointed ATB Capital Markets Inc. to conduct the bid on its behalf.
Western is a private equity company dedicated to building and maintaining ownership in successful Western Canadian companies and helping them to grow.
The Western Investment Company of Canada (WI) is up 8.33 per cent, trading at C$0.39 per share at 2:30 pm EST.
