The Western Investment Company of Canada Ltd (TSE:WI) has released an update.
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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.
For further insights into TSE:WI stock, check out TipRanks’ Stock Analysis page.