VANCOUVER, June 18, 2013 /CNW/ - WesternOne Inc. (TSX: WEQ, WEQ.DB,
WEQ.DB.B and WEQ.DB.C) today announced that its Board of Directors has
approved a cash dividend of $0.05 per share for the month of June 2013
(equivalent to $0.60 per share on an annualized basis). This dividend
will be paid on July 15, 2013 to shareholders of record at the close of
business on June 28, 2013.
During May 2013, 16,733 common shares were issued at $5.25 per share in
connection with the conversion of $85,000 principal amount in 8.5%
Convertible Unsecured Subordinated Debentures (plus accrued interest),
and 43,645 common shares were issued at $7.50 per share in connection
with the conversion of $317,000 principal amount in 8% Convertible
Series 2 Unsecured Subordinated Debentures (plus accrued interest). As
at May 31, 2013, WesternOne Inc. had 24,086,301 common shares,
$4,223,000 principal amount of 8.5% Convertible Unsecured Subordinated
Debentures, $71,135,000 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
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