VANCOUVER, March 18, 2013 /CNW/ - WesternOne Inc. (TSX: WEQ), (TSX:
WEQ.DB.B) and (TSX: WEQ.DB.C) today announced that its Board of
Directors has approved a cash dividend of $0.05 per share for the month
of March 2013 (equivalent to $0.60 per share on an annualized basis).
This dividend will be paid on April 15, 2013 to shareholders of record
at the close of business on March 28, 2013.
During February 2013, 123,819 common shares were issued at $5.25 per
share in connection with the conversion of $643,000 principal amount in
Unsecured Convertible Subordinated Debentures (plus accrued interest),
and 174,209 common shares were issued at $7.50 per share in connection
with the conversion of $1,296,000 principle amount in Series 2
Unsecured Convertible Subordinated Debentures. As at February 28, 2012,
WesternOne Inc. had 22,377,185 common shares, $8,281,000 principal
amount of Unsecured Convertible Subordinated Debentures and $77,368,000
principal amount of Series 2 Unsecured Convertible Subordinated
The policy of WesternOne Inc. is to pay cash dividends on or about the
15th day of each month to shareholders of record on the last business
day of the preceding month.
About WesternOne Inc.
WesternOne Inc. seeks to acquire and grow businesses in the construction
and infrastructure services sector in order to generate stable and
growing dividends to its shareholders and to achieve capital
Additional information about WesternOne Inc. 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.
SOURCE: WesternOne Inc.
For further information:
Andrew Greig, Manager of Investor Relations
Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: (604) 678-4042