Western Investment Launches Shareholder Rights Offering
Company Announcements

Western Investment Launches Shareholder Rights Offering

Story Highlights

The Western Investment Company of Canada Ltd (TSE:WI) has released an update.

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.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskWestern Investment Company Shifts Focus to Insurance
TipRanks Canadian Auto-Generated NewsdeskWestern Investment Company Announces Shareholder Meeting
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App