Westaim Corp V.WED

Alternate Symbol(s): WEDXF

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.

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Westaim Corp

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Comment by bridgejumperon Aug 10, 2004 3:21pm

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Post# 7795656

RE: Insider Buying

Certain directors of the Corporation (Ian Dilaney, Guy Turcotte, Daniel Owen and Frank King), have agreed to purchase not less than $16.5 million of the total amount. OK here the score card for today : Ian William Dilaney_________________________________$5 million Daniel Owen______________________________________$3 million Guy Joseph Turcotte________________________________$7.5 million Frank King_______________________________________$1 million???* * Frank King hasn't file yet , but from the above press release we can assume that he bought $ 1 million of the new shares . Cheers The Bridgejumper

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