Westshore Terminals completes capital restructuring

VANCOUVER, July 3, 2012 /CNW/ - Westshore Terminals Investment Corporation (TSX: WTE) ("Westshore") and Westshore Terminals Holdings Ltd. ("Holdings") announced today that they have completed their capital restructuring effective July 1, 2012, by way of plan of arrangement (the "Plan").  Pursuant to the Plan, all of the issued and outstanding note receipts of Holdings were exchanged for additional common shares of Westshore (each a "Share").  Immediately following such exchange, all of the issued and outstanding Shares were consolidated such that each Shareholder now holds the same number of Shares as such Shareholder held prior to the exchange and consolidation.  The result is that instead of the formerly outstanding 74,250,016 units, Westshore now has 74,260,016 outstanding Shares without any debt component held by the public.  The Shares will trade on the TSX under the trading symbol "WTE".

For further information:

Nick Desmarais
Secretary
604.488.5214


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890