April 3, 2017 / 10:42 AM / 6 months ago

BRIEF-Fairfax to make strategic investment in Eestaim, significant portfolio investment through Arena investors

April 3 (Reuters) - Westaim Corp:

* Fairfax to make strategic investment in Westaim and to make significant portfolio investment through arena investors

* Westaim - Fairfax Financial to invest up to c$100 million in co in exchange for issuance of 5% interest bearing notes and common share purchase warrants

* Westaim Corp - Fairfax will have right to nominate one director to board of directors of Westaim

* Westaim Corp - Fairfax has also agreed to invest up to us$500 million in investments sourced by Westaim’s affiliate, Arena investors, LP Source text for Eikon: Further company coverage:

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