VANCOUVER, Nov. 9, 2018 /CNW/ - WesternOne Inc. ("WesternOne") (Toronto Stock Exchange: WEQ and WEQ.DB) today announced that it has terminated, effective at the close of trading today, its normal course issuer bid (the "NCIB") that commenced on December 12, 2017.
WesternOne has taken this action as a result of the proposed sale of substantially all of its assets to United Rentals of Canada, Inc. and its subsequent liquidation and dissolution, all as more fully described in its news release dated October 22, 2018 and in its information circular dated October 26, 2018 both of which are available on SEDAR (www.sedar.com).
Under the NCIB, WesternOne acquired an aggregate of 615,000 of its own common shares for cancellation through the facilities of the Toronto Stock Exchange or other Canadian marketplaces at an average price of $1.50.
Toronto Stock Exchange: WEQ and WEQ.DB
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 investor relations information, please contact: Andrew Greig, Manager of Investor Relations, WesternOne Inc., Suite 910, 925 West Georgia Street, Vancouver, BC V6C 3L2, Phone: (604) 678-4042, E-mail: firstname.lastname@example.org
WesternOne seeks to acquire and grow businesses in the construction and infrastructure services sectors in order to generate value for its shareholders.