The Western Investment Company of Canada Limited News Releases

The Western Investment Company of Canada to Proceed with Normal Course Issuer Bid

Fri, 19 Jan 2024 08:30:00 -0500

Calgary, Alberta--(Newsfile Corp. - January 19, 2024) - The Western Investment Company of Canada Limited (TSXV: WI) (the "Corporation", "WICC" or "Western") announces that it has obtained regulatory approval to proceed with a normal course issuer bid (the "Bid") whereby Western may purchase up to a total of 1,500,000 common shares in the capital of the Corporation ("Common Shares") representing approximately 5.0% of the Common Shares currently issued and outstanding (30,207,756 common shares...

Western Investment Company of Canada Closes Private Placement and Issuer Bid with Maximum Proceeds of $5 Million

Mon, 04 Dec 2023 08:30:00 -0500

High River, Alberta--(Newsfile Corp. - December 4, 2023) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") is pleased to confirm closing of its previously announced private placement of new convertible debentures and issuer bid for existing convertible debentures.Completion of Issuer Bid / Exchange for New DebenturesWestern announces the results of its issuer bid (the "Offer") to purchase for cancellation up to $4.0 million of its convertible debentures due...

Western Investment Company Files Q3 Statements After Strong Summer Brings Year-to-Date Net Income over $1 Million Mark

Wed, 29 Nov 2023 19:22:00 -0500

High River, Alberta--(Newsfile Corp. - November 29, 2023) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it has filed its Q3 Financial Statements and MD&A on SEDAR+ (www.sedarplus.ca). Third quarter net income of $488,590 brings Western's Year to Date net income to $1,070,035, which is a historic high. In a message to shareholders, WICC CEO Scott Tannas provided the following commentary: "Total income earned from our portfolio companies...

Western Investment Company of Canada Announces Private Placement of Convertible Unsecured Debentures and Issuer Bid

Tue, 10 Oct 2023 08:30:00 -0400

High River, Alberta--(Newsfile Corp. - October 10, 2023) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it plans to raise up to $5 million through the issuance of a new convertible debenture. The debenture targets new cash investors and also invites existing debenture holders to exchange their notes for an extended timeframe, at a higher interest rate, and with a more favourable conversion right than their current debenture.Offering DetailsThe...

Western Investment Company Announces Declaration of Annual Dividend

Wed, 16 Aug 2023 18:14:00 -0400

High River, Alberta--(Newsfile Corp. - August 16, 2023) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announced today that its Board of Directors declared a dividend of $0.005 per share on WICC's outstanding common shares ("Common Shares") as part of Western's annual dividend program. The dividend will be payable on September 29, 2023, to shareholders of record at the close of business on September 15, 2023. This dividend equates to an annual yield of 1.32%...

Western Investment Company Files Second Quarter Statements and Reports Strong Revenue and Net Income Growth

Wed, 16 Aug 2023 17:23:00 -0400

High River, Alberta--(Newsfile Corp. - August 16, 2023) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it has filed its second quarter financial statements and MD&A on SEDAR+ (www.sedarplus.ca).Year-to-date net income of $581,444 is the best result in Western's six-year operating history. The third quarter is traditionally Western's strongest, owing to seasonal activities of three of Western's five investee companies.In a message to...

Western Investment Company Holds Annual Meeting, Grants Stock Options

Fri, 23 Jun 2023 08:30:00 -0400

High River, Alberta--(Newsfile Corp. - June 23, 2023) - The Western Investment Company of Canada Limited (TSXV: WI) (the "Company" or "Western") announces that it held its annual general and special meeting, where the Company's shareholders elected directors, appointed auditors and approved Western's stock option plan (the "Plan").Subject to regulatory approval, Western granted stock options to purchase 50,000 common shares to each of the five directors of the Company, and stock options to...

Western Investment Company Files First Quarter Financial Results with an $804,000 Positive Swing in Net Income from Prior Year on Strengthening Margins at Foothills Creamery and Increased Profits at Fortress Insurance

Fri, 26 May 2023 16:23:00 -0400

High River, Alberta--(Newsfile Corp. - May 26, 2023) - The Western Investment Company of Canada Limited (TSXV: WI) ("Western") announces that it has filed its financial statements and MD&A for the first quarter ending March 31, 2023 on SEDAR.In a message to shareholders, Western CEO Scott Tannas provided the following commentary: "Our strong first quarter results featured much improved performance at Foothills Creamery combined with continuing sales and profit growth at Fortress Insurance,...

Western Investment Company of Canada Reports Improved Financial Result with Revenue Gains in 2022 and Expects Q1 2023 Results to be Released on May 26

Fri, 19 May 2023 18:53:00 -0400

High River, Alberta--(Newsfile Corp. - May 19, 2023) - The Western Investment Company of Canada Limited (TSXV: WI) ("Western" or the "Company") announces that it has filed its 2022 year-end financial statements, MD&A, and annual information form on SEDAR.WICC reported a $215,376 loss for 2022, an improvement from the 2021 loss of $707,244. Western also filed restated financials statements for the years-ended December 31, 2021 and 2020. The restatement accounted for prior year errors discovered...

Western Investment Company of Canada Provides Update on the Filing of its 2022 Annual Financial Statements

Mon, 15 May 2023 18:58:00 -0400

High River, Alberta--(Newsfile Corp. - May 15, 2023) - The Western Investment Company of Canada Limited (TSXV: WI) ("Western" or the "Company") announced today that there will be a continued delay on the filing of its annual financial statements, accompanying management's discussion and analysis and related chief executive officer ("CEO") and chief financial officer ("CFO") certifications for the financial year ended December 31, 2022 (collectively, the "Annual Filings"). This in an update to...