VANCOUVER, Jan. 21, 2014 /CNW/ - WesternOne Inc. (TSX: WEQ) (TSX:
WEQ.DB) (TSX: WEQ.DB.B) (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 January 2014 (equivalent to $0.60 per share on an annualized
basis). This dividend will be paid on February 17, 2014 to shareholders
of record at the close of business on January 31, 2014.
During December 2013, 20,739 common shares were issued at $5.25 per
share in connection with the conversion of $105,000 principal amount in
8.5% Convertible Unsecured Subordinated Debentures (plus accrued
interest), 3,176 common shares were issued at $7.50 per share in
connection with the conversion of $23,000 principal amount in 8%
Convertible Series 2 Unsecured Subordinated Debentures (plus accrued
interest) and 5,860,000 common shares were issued in connection with
the previously announced bought deal offering. As at December 31, 2013,
WesternOne Inc. had 30,159,699 common shares, $3,457,000 principal
amount of 8.5% Convertible Unsecured Subordinated Debentures,
$71,102,000 principal amount of 8% Convertible Series 2 Unsecured
Subordinated Debentures and $51,750,000 principal amount of 6.25%
Convertible Series 3 Unsecured Subordinated Debentures outstanding.
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:
For more information please contact:
Andrew Greig, Manager of Investor Relations
Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: (604) 678-4042