Western Financial Group Announces closing of common share offering
Western Financial Group Inc. ("Western Financial Group" or the "Company") is pleased to announce that it has closed its offering of 6,600,000 Common Shares for gross proceeds of $23,100,000. The offering was completed through a syndicate of underwriters co-led by Desjardins Securities Inc. and Jennings Capital Inc., and including CIBC World Markets Inc., TD Securities Inc. and Acumen Capital Finance Partners Limited.
Net proceeds from the offering will be used to fund future acquisitions and for general corporate purposes.
About Western Financial Group
Western Financial Group is one of the leading western-based financial service companies in Western Canada. With offices in towns and small cities across the West, the Company provides more than 250,000 customers with insurance, investment and banking products through WFG Agency Network, Western Life and Bank West.
The Common Shares of Western Financial Group are traded on the Toronto Stock Exchange under the symbol "WES".
For more information on Western Financial Group, please contact:
Jodi Greig, Corporate Communications Manager,
Western Financial Group,