The Western Investment Company of Canada Raises CA$55.87 Million in Brokered Private Placement

01:33 PM EST, 11/03/2026 (MT Newswires) -- The Western Investment Company of Canada (WI.V) raised CA$55.87 million through a brokered private placement of shares, which includes proceeds from the partial exercise of the agent's over-allotment option, it said Tuesday. The company issued around 55.87 million shares at a price of CA$1.00 each. The company expects the net proceeds to fund the previously announced acquisition of Canadian Farm and Stockmens, general working capital purposes and future acquisitions and investments, it added. The company's shares were last seen up CA$0.10, or 8.6%, to CA$1.27 on the TSX Venture Exchange. Price: 1.27, Change: +0.10, Percent Change: +8.55