The Western Investment Company of Canada Ltd (TSE:WI) has released an update.
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Western Investment Company of Canada Ltd has successfully closed its rights offering, raising over $6.29 million to fund acquisitions in the insurance sector and other growth initiatives. The offering saw substantial participation from current shareholders, including key insiders, despite challenges posed by a postal strike. The company plans to use the proceeds for strategic growth and increasing its stake in Fortress Insurance Company.
For further insights into TSE:WI stock, check out TipRanks’ Stock Analysis page.