Westaim Corp V.WED

Alternate Symbol(s): WEDXF

Financial Services Asset Management

The Westaim Corporation is a Canadian investment company specializing in providing long-term capital to businesses operating primarily within the global financial services industry. The Company 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 Arena and the Arena FINCOs. The Arena FINCOs are private companies which include specialty finance companies that primarily purchase fundamental-based, asset-oriented credit and other investments for their own account. Arena consists of two main business lines: Arena Investors and Arena Institutional Services (AIS). Arena Investors operates as an investment manager.

TSXV:WED - Post by User

Westaim Corp

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Comment by rusted1on Jun 09, 2006 4:35pm

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Post# 10970594

RE: NCST vs. Ifire

That does not make sense. If iFire were to have failed that would not have destroyed NCST under either the former or current structure. BTW, the Insider investment was to fund the iFre plant. Selling 25% of NCST strengthens the WED treasury by defining the NCST component of WED, and of course WED runs NCST, but not through the back door, openly, as it is the majority shareholder of what is now a publicly traded company. WED can also now easily sell of more of its interest in NCST to raise cash if required.

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