The Western Investment Company of Canada to Proceed with Normal Course Issuer Bid
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...
2024-01-19 8:30 AM EST
Western Investment Company of Canada Closes Private Placement and Issuer Bid with Maximum Proceeds of $5 Million
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...
2023-12-04 8:30 AM EST
Western Investment Company Files Q3 Statements After Strong Summer Brings Year-to-Date Net Income over $1 Million Mark
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...
2023-11-29 7:22 PM EST
Western Investment Company of Canada Announces Private Placement of Convertible Unsecured Debentures and Issuer Bid
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...
2023-10-10 8:30 AM EDT
Western Investment Company Announces Declaration of Annual Dividend
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...
2023-08-16 6:14 PM EDT
Western Investment Company Files Second Quarter Statements and Reports Strong Revenue and Net Income Growth
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...
2023-08-16 5:23 PM EDT
Western Investment Company Holds Annual Meeting, Grants Stock Options
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...
2023-06-23 8:30 AM EDT
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
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,...
2023-05-26 4:23 PM EDT
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
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...
2023-05-19 6:53 PM EDT
Western Investment Company of Canada Provides Update on the Filing of its 2022 Annual Financial Statements
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...
2023-05-15 6:58 PM EDT
Western Investment Company of Canada Announces Delay in Filing its 2022 Annual Financial Statements
High River, Alberta--(Newsfile Corp. - April 28, 2023) - The Western Investment Company of Canada Limited (TSXV: WI) ("Western" or the "Company") announced today that it will not be filing 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"), within the period prescribed for the filing...
2023-04-28 6:36 PM EDT
Western Investment Company of Canada Provides Update on Fortress Insurance Company - Premiums Written up 231% to $17.7 Million
High River, Alberta--(Newsfile Corp. - March 22, 2023) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces the annual 2022 results of its associate Fortress Insurance Company ("Fortress").Fortress completed its 2022 fiscal year with significant growth in all lines of business. President and CEO of Fortress, Shafeen Mawani, added, "We are fortunate to have such engaged investors, shareholders and staff, and excellent partnerships with both our...
2023-03-22 8:30 AM EDT
The Western Investment Company of Canada to Proceed with Normal Course Issuer Bid
High River, Alberta--(Newsfile Corp. - February 6, 2023) - The Western Investment Company of Canada Limited (TSXV: WI) ("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 (30,287,756 common shares were outstanding...
2023-02-06 4:30 PM EST
Western Investment Company Files Q3 Financial Results
High River, Alberta--(Newsfile Corp. - November 29, 2022) - 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.In a message to shareholders, WICC CEO Scott Tannas provided the following commentary: "We are pleased to report net income for the third quarter of $441,789 which represents a 33% improvement over the same period last year. All five companies in our portfolio contributed net...
2022-11-29 7:30 PM EST
Western Investment Company Affiliate, Fortress Insurance, Closes $5.3 Million Upsized Equity Offering and Signs Strategic Agreement with U.S. Based Indemnity National Insurance Company
High River, Alberta--(Newsfile Corp. - October 19, 2022) - Further to its previous announcement, The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announced today that its investee, Fortress Insurance Company ("Fortress"), has closed a $5.3 million equity financing. The value has increased from that previously expected due to greater demand from our distribution partners and the execution of a significant new partnership agreement.-Fortress has entered into a...
2022-10-19 5:00 PM EDT
Western Investment Company Files Q2 Financial Results
High River, Alberta--(Newsfile Corp. - August 30, 2022) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it has filed its Q2 financial statements and MD&A on SEDAR.In a message to shareholders, WICC CEO Scott Tannas provided the following commentary: "With $138,204 of net income earned in Q2, our results are behind plan, primarily due to mark to market losses in the investment portfolio at Fortress Insurance, and lower than expected sales and...
2022-08-30 8:30 AM EDT
Western Investment Company Provides Update on Material Developments at Fortress Insurance
High River, Alberta--(Newsfile Corp. - August 4, 2022) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") is pleased to provide shareholders with the following update on a number of key developments regarding Fortress Insurance Company ("Fortress").-Gross Written Premiums for the first half of 2022 increased 213% to $7.2 million from $2.3 million in 2021. Fortress' stated target was to grow premiums to $12 million by year end 2022. Based on the first half of...
2022-08-04 6:23 PM EDT
Western Investment Company Holds Annual Meeting, Grants Stock Options
High River, Alberta--(Newsfile Corp. - June 29, 2022) - 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").Shareholders re-elected all directors with 97% - 100% support. The Plan was renewed with minor changes, to conform to the amended policies of the TSX Venture...
2022-06-29 8:30 AM EDT
Western Investment Company Files Q1 Financial Results
High River, Alberta--(Newsfile Corp. - May 30, 2022) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announces that it has filed its Q1 Financial Statements and MD&A on SEDAR.In a message to shareholders, WICC CEO Scott Tannas provided the following commentary: "Our Q1 results met our overall expectations as we progress toward what we expect to be a breakout year for growth and profitability. Our Q1 seasonal operating loss is within budget and historical...
2022-05-30 5:18 PM EDT
Western Investment Company Announces Commencement of Annual Dividend Program
High River, Alberta--(Newsfile Corp. - April 26, 2022) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC" or "Western") announced today that its board declared Western's first dividend of $0.005 per share on WICC's outstanding common shares. Western's intention is to declare a dividend annually. The dividend will be payable on July 29, 2022, to shareholders of record at the close of business on July 15, 2022. This dividend equates to an annual yield of (1.39% TBD)...
2022-04-26 6:00 PM EDT