Westaim Corp V.WED

Alternate Symbol(s): WEDXF

Financial Services Asset Management

The Westaim Corporation is an investment company, which specializes in providing long-term capital to businesses operating within the global financial services industry. It invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. Its strategy is to pursue investment opportunities with a focus towards the financial services industry and grow shareholder value over the long term. Its investments include significant interests in Skyward Specialty, Arena and Arena FINCOs. Skyward Specialty is a diversified specialty property and casualty insurance holding company that underwrites select property, casualty, surety, and accident and health insurance coverages. The Arena FINCOs includes specialty finance companies that purchase fundamentals-based, asset-oriented credit and other investments. Arena Investors operates as an investment manager.

TSXV:WED - Post by User

Westaim Corp

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Post by rusted1on Dec 02, 2005 6:57pm

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Post# 9958830

re:Nucryst IPO

another thought is that since WED will still retain control by virtue of 2/3 of outstanding shares, they could in the future issue more shares of Nucryst whenever they felt it was time to either raise some more cash or dilute their exposure. I wonder about the value of the Nucryst debt to Westaim. The more I think about this deal the more I like it, assuming the IPO is a success at the numbers suggested today. Next week should be good as this is digested.

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