Western Investment Company Acquires Additional Shares in GlassMasters
High River, Alberta--(Newsfile Corp. - January 6, 2020) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC") announced today that it has purchased an additional 11.25% of GlassMasters ARG Autoglass Two Inc. ("GlassMasters") from a company controlled by its founder and former CEO, Miles Palmer. In a concurrent transaction, GlassMasters co-investor ATB Private Equity has also purchased an equivalent amount of shares, thereby facilitating the exit of Mr. Palmer from...
2020-01-06 6:26 PM EST
Western Investment Company files Q3 Statements and MD&A on SEDAR - YTD Net Income at $620,000
High River, Alberta--(Newsfile Corp. - November 27, 2019) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC") confirms its financial statements and MD&A for the quarter and nine months ended September 30, 2019 are available for viewing on SEDAR. In a message to shareholders, CEO Scott Tannas provided the following commentary: "We are happy to have added to year- to- date profit numbers in Q3. While we have a long way to go in Q4 to achieve our net income goal for the year,...
2019-11-27 8:30 AM EST
Western Investment Company Provides Update on Fortress Insurance Progress
High River, Alberta--(Newsfile Corp. - September 25, 2019) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC") announced today that its insurance operation, Fortress Insurance, has issued its first property insurance policy. In a message to shareholders, CEO Scott Tannas provided the following commentary: "We are pleased to report that Fortress is now putting business on its books, and is licenced in Alberta, Saskatchewan and Manitoba. We will be working over the coming...
2019-09-25 4:05 PM EDT
Western files Q2 Statements and MD&A on SEDAR - Quarterly Net Income up 215% to $382,000
High River, Alberta--(Newsfile Corp. - August 26, 2019) - The Western Investment Company of Canada Limited (TSXV:WI) ("WICC") confirms its financial statements and MD&A for the quarter and six months ended June 30, 2019 are available for viewing on SEDAR. In a message to shareholders, CEO Scott Tannas provided the following commentary: "We are pleased with the overall result of the first half of 2019. While we have two retail focused businesses facing some headwinds, we more than made up the...
2019-08-26 7:14 PM EDT
Western Files Q1 Statements and MD&A on SEDAR
High River, Alberta--(Newsfile Corp. - May 27, 2019) - The Western Investment Company of Canada Limited (TSXV:WI) ("WICC") confirms its financial statements and MD&A for the quarter ended March 31, 2019 are available for viewing on SEDAR. In a message to shareholders, CEO Scott Tannas provided the following commentary: "After expensing one- time costs related to the purchase of Fortress Insurance, we ended the first quarter with a small net loss of $53,691. This result is slightly below our...
2019-05-27 5:13 PM EDT
Western Investment Company of Canada receives all regulatory approvals and closes the acquisition to acquire 50% interest in Fortress Insurance Company
High River, Alberta--(Newsfile Corp. - May 6, 2019) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC") announces today it has received all regulatory approvals from the Alberta Superintendent of Insurance including licences that will allow Fortress Insurance Company ("Fortress") to conduct business on a wider scale within Alberta. With all conditions to closing now removed, WICC has completed its acquisition to acquire a fifty percent interest in Fortress. We look forward...
2019-05-06 4:35 PM EDT
Western Investment Company posts 2018 Year End Net Income of $1.13 million. Adjusted Net Income (NPIO) at $1.7 million - 6 cents per share
High River, Alberta--(Newsfile Corp. - April 29, 2019) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC") announced today it has filed its 2018 Financial Statements and MD&A on SEDAR. In a message to shareholders, WICC CEO Scott Tannas reported: "We are pleased with our progress in 2018. Our four foundation companies are all profitable, with strong opportunities for growth. Our year end net income stands at $1.13 million (3.7 cents per share). When our onetime costs for...
2019-04-29 7:22 PM EDT
Western Investment Company Announces Closing of Subscription Receipt Financing for Total Gross Proceeds of $4.0 Million
High River, Alberta--(Newsfile Corp. - April 9, 2019) - The Western Investment Company of Canada Limited ("WICC") (TSXV: WI) announces today the closing of its previously announced offering of subscription receipts ("Subscription Receipts") for the maximum aggregate gross principal amount of $4,000,000 (the "Financing"). The Financing consisted of a brokered portion and a non-brokered portion. AltaCorp Capital Inc. acted as lead agent and sole bookrunner for the brokered portion of the...
2019-04-09 2:00 PM EDT
Western Investment Company of Canada Announces Private Placement of Convertible Unsecured Debentures
High River, Alberta--(Newsfile Corp. - March 12, 2019) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC") announces today it has entered into an agreement for a brokered private placement led by AltaCorp Capital Inc. ("AltaCorp") as lead agent and sole bookrunner for the sale of subscription receipts ("Subscription Receipts") in the aggregate gross principal amount of up to $4,000,000 (the "Financing"). The proceeds of the Financing are expected to be used to finance...
2019-03-12 8:30 AM EDT
Western Investment Company of Canada Provides Details as it Finalizes Transaction to Acquire 50% Interest in Fortress Insurance Company
High River, Alberta--(Newsfile Corp. - March 11, 2019) - The Western Investment Company of Canada Limited (TSXV: WI) ("WICC") announces today it has received board approval for its plan to acquire a fifty percent interest in Fortress Insurance Company ("Fortress"). Fortress is an Alberta registered and regulated insurance company, exclusively providing automobile third party liability coverage in the rental car and airport services business in Calgary. WICC and its partners have agreed on a...
2019-03-11 9:00 AM EDT
Western Provides Clarification and Update on Proposed Insurance Transaction
High River, Alberta--(Newsfile Corp. - January 17, 2019) - The Western Investment Company of Canada Limited (TSXV: WI) ("Western") provides an update and clarification regarding the status of its pending insurance transaction, announced on December 18, 2018 and re-issued January 9, 2019: Western entered into a letter of intent dated December 18th, 2018 to acquire a fifty percent interest in a Western Canadian based property and casualty insurance company for approximately $2 million or 90% of...
2019-01-17 4:44 PM EST
Western Investment Company of Canada Enters the Property and Casualty Insurance Industry in Western Canada
High River, Alberta--(Newsfile Corp. - January 8, 2019) - The Western Investment Company of Canada Limited ("Western") (TSXV: WI) announced today it has entered into a letter of intent to acquire a fifty percent interest in a Western Canadian based property and casualty insurance company for approximately $2 million or 90% of book value as of the closing date. "Western's CEO Scott Tannas has an exemplary track record in Western Canada's P&C business," said board chair Jim Dinning. "So, it's...
2019-01-08 4:17 PM EST
Western Investment Company of Canada Enters the Property and Casualty Insurance Industry in Western Canada
High River, Alberta--(Newsfile Corp. - December 18, 2018) - The Western Investment Company of Canada Limited ("Western") (TSXV: WI) announced today it has entered into a letter of intent to acquire a fifty percent interest in a Western Canadian based property and casualty insurance company for approximately $2 million or 90% of book value as of the closing date. "Western's CEO Scott Tannas has an exemplary track record in Western Canada's P&C business," said board chair Jim Dinning. "So, it's...
2018-12-18 8:00 AM EST
IIROC Trade Resumption - Western Investment Company of Canada Limited
Vancouver, British Columbia--(Newsfile Corp. - February 27, 2018) - Trading resumes in: Company: Western Investment Company of Canada Limited
2018-02-27 9:32 AM EST
IIROC Trade Halt - Western Investment Company of Canada Limited
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2018) - The following issues have been halted by IIROC: Company:
2018-02-26 8:16 AM EST
IIROC Trade Resumption - Western Investment Company of Canada Limited
Vancouver, British Columbia--(Newsfile Corp. - January 31, 2017) - Trading resumes in: Company: Western Investment Company of Canada Limited
2017-01-31 4:39 PM EST
IIROC Trade Halt - Western Investment Company of Canada Limited
Vancouver, British Columbia--(Newsfile Corp. - January 31, 2017) - The following issues have been halted by IIROC: Company:
2017-01-31 4:03 PM EST
IIROC Trade Halt - Western Investment Company of Canada Limited
Vancouver, British Columbia--(Newsfile Corp. - September 22, 2016) - The following issues have been halted by IIROC: Company:
2016-09-22 8:00 AM EDT