BRIEF-Western Investment Company of Canada says signed LOI to purchase private Alberta based company

Thu Sep 22, 2016 12:46pm EDT
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Sept 22 (Reuters) - Western Investment Company Of Canada Limited :

* Western Investment Company of Canada says along with reputable minority equity partners signed LOI to purchase a private Alberta based company

* Transaction is about $18 million and will be funded through an equity investment from Western & its partners

* Co will retain majority control of seller

* Transaction does not anticipate requiring an additional equity financing to be completed Source text for Eikon: Further company coverage: