NEWS RELEASES
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Western Investment Company of Canada Receives All Regulatory Approvals and Closes the Acquisition to Acquire 50% Interest in Fortress Insurance Company
High River, Alberta – The Western Investment Company of Canada Limited (“WICC”) (TSXV: WI) announces today it has received all regulatory approvals from the Alberta Superintendent of Insurance including licences that will allow Fortress Insurance Company (“Fortress”) to conduct business on a wider scale within Alberta. With all condit ...
Western Investment Company posts 2018 Year End Net Income of $1.13 Million. Adjusted Net Income (NPIO) at $1.7 million – 6 Cents per Share.
High River, Alberta – The Western Investment Company of Canada Limited (“WICC”) (WI:TSXV) announced today it has filed its 2018 Financial Statements and MD&A on SEDAR. In a message to shareholders, WICC CEO Scott Tannas reported: “We are pleased with our progress in 2018. Our four foundation companies are all profitable, wit ...
Western Investment Company Announces Closing of Subscription Receipt Financing for Total Gross Proceeds of $4.0 Million
High River, Alberta – The Western Investment Company of Canada Limited (“WICC“) (TSXV: WI) announces today the closing of its previously announced offering of subscription receipts (“Subscription Receipts”) for the maximum aggregate gross principal amount of $4,000,000 (the “Financing“). The Financing consisted o ...
Western Investment Company of Canada Announces Private Placement of Convertible Unsecured Debentures
High River, Alberta – The Western Investment Company of Canada Limited (“WICC”) (TSXV: WI) announces today it has entered into an agreement for a brokered private placement led by AltaCorp Capital Inc. (“AltaCorp“) as lead agent and sole bookrunner for the sale of subscription receipts (“Subscription Receipts”) in ...
Western Investment Company of Canada Provides Details as it Finalizes Transaction to Acquire 50% Interest in Fortress Insurance Company
High River, Alberta – The Western Investment Company of Canada Limited (“WICC”) (TSXV: WI) announces today it has received board approval for its plan to acquire a fifty percent interest in Fortress Insurance Company (“Fortress”). Fortress is an Alberta registered and regulated insurance company, exclusively providing automobile third ...
Western Provides Clarification and Update on Proposed Insurance Transaction
High River, Alberta, January 17, 2019 – The Western Investment Company of Canada Limited (“Western”) (TSXV: WI) provides an update and clarification regarding the status of its pending insurance transaction, announced on December 18, 2018 and re-issued January 9, 2019: Western entered into a letter of intent dated December 18th, 2018 to a ...
Western Investment Company of Canada enters the Property and Casualty Insurance Industry in Western Canada
High River, Alberta, December 18, 2018 – The Western Investment Company of Canada Limited (“Western”) (TSXV: WI) announced today it has entered into a letter of intent to acquire a fifty percent interest in a Western Canadian based property and casualty insurance company for approximately $2 million or 90% of book value as of the [&hellip ...
Western Posts Strong Third Quarter Results. Year-to-Date Net Income Breaks $1 Million Mark. Adjusted Net Income (NPIO) at $1.44 million – 5 Cents per Share.
High River, Alberta, November 16, 2018 – Western Investment Company of Canada Limited (“Western”) (WI:TSXV) CEO Scott Tannas reported to shareholders: “With the release of our third quarter results, we are very pleased with our progress over the past three months. Western’s four foundation companies are all profitable with two ...
Western Reports Favourable Net Income for the Quarter and Six Months Year-to-Date
High River, Alberta, August 21, 2018 – The Western Investment Company of Canada Limited (“Western”) (WI:TSXV) confirms its financial statements and MD&A for the quarter and six months ended June 30, 2018 are available for viewing on SEDAR. In a message to shareholders, Western CEO Scott Tannas provided the following commentary ...
Western Nominates Insurance Executive Jennie Moushos to Join Board at Upcoming Annual Meeting
High River, Alberta, June 11, 2018 – The Western Investment Company of Canada Limited (“Western”) (WI:TSXV) has nominated Ms. Jennie Moushos as a new independent director in its proposed slate of directors to be elected at Western’s upcoming annual meeting. Western’s Information Circular is available on SEDAR. Western’s CEO ...
The Western Investment Company of Canada Receives TSX Approval for Normal Course Issuer Bid
High River, Alberta, June 4, 2018 – The Western Investment Company of Canada Limited (“Western” or the “Corporation”) (TSX Venture: WI) announces that it has obtained regulatory approval to proceed with a normal course issuer bid (the “Bid”) whereby Western may purchase up to a total of 1,500,000 common shares in the capi ...
Western Files Q1 Statements and MD&A on SEDAR
The Western Investment Company of Canada Limited (“Western”) (WI: TSXV) confirms its financial statements and MD&A for the quarter ended March 31, 2018 are available for viewing on SEDAR. In a message to shareholders, Western CEO Scott Tannas provided the following commentary: “Our first quarter operations provided Western and i ...