The Western Investment Company of Canada Ltd (TSE:WI) has released an update.
The Western Investment Company of Canada Ltd has increased its private placement offering to $25 million due to significant investor interest, with an option for an additional $5 million over-allotment. This move aims to attract more long-term shareholders and will coincide with the closing of a rights offering expected in late November. The funds raised will be used for working capital, potential acquisitions, and possibly purchasing additional shares in Fortress Insurance Company.
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