High River, Alberta, March 8, 2018 – The Western Investment Company of Canada Limited (“Western”) (TSX Venture: WI) is pleased to announce it has closed its previously announced acquisition of Foothills Creamery Ltd., pursuant to a share purchase agreement dated effective February 26, 2018. The transaction was an arm’s length acquisition, and no finders fees or commissions were payable by Western.
The total value of the acquisition is $27.6 million and is subject to typical post-closing adjustments.
About Western (www.winv.ca)
Western’s strategy is to create a diversified portfolio of established Western Canadian businesses and create value through the identification and long-term ownership of companies with sustained cash flows and strong potential for organic growth.
The Western Investment Company of Canada Limited
President and Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release