The Western Investment Company of Canada Ltd (TSE:WI) has released an update.
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The Western Investment Company of Canada Ltd is launching a Rights Offering exclusively for its shareholders, allowing them to purchase additional shares at a price of CDN $0.40 each. This initiative aims to raise approximately $22.16 million for corporate purposes and potential acquisitions in the insurance sector. Shareholders on record by October 15, 2024, will be able to subscribe for new shares until the offering expires on November 29, 2024.
For further insights into TSE:WI stock, check out TipRanks’ Stock Analysis page.