WesternOne Equity Income Fund Announces Closing of Private Placement



    VANCOUVER, Feb. 19 /CNW/ - WesternOne Equity Income Fund ("WesternOne
Equity") (TSX: WEQ.UN and WEQ.DB) has successfully completed its previously
announced private placement financing, consisting of 558,659 units at a price
of $3.80 per unit, for gross proceeds of $2,122,904.20. The securities issued
under the offering will be subject to a four-month hold period under
applicable securities legislation.
    The financing was led by Dundee Securities Corporation. WesternOne Equity
will use the net proceeds of the offering for general corporate purposes.

    
    About WesternOne Equity
    -----------------------
    

    WesternOne Equity seeks to acquire equipment and infrastructure related
businesses located primarily in the Western Canadian provinces of British
Columbia, Alberta and Saskatchewan, in order to generate stable and growing
distributions to its unitholders as well as to achieve overall capital
appreciation.
    Additional information about WesternOne Equity is available at www.weq.ca
or www.sedar.com

    
    THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.
    





For further information:

For further information: Andrew Greig, Manager of Investor Relations,
WesternOne Equity Income Fund, Suite 910, 925 West Georgia Street, Vancouver,
BC, V6C 3L2, Phone: (604) 678-4042, Toll free (877) 278-4042, E-mail:
agreig@weq.ca, www.weq.ca


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