RE: Ian William Dilaney-ilikegeltWestaim to raise $34 million through bought deal to fund iFire pilot production
7/14/04
CALGARY, Jul 14, 2004 (Canada NewsWire via COMTEX) --
The Westaim Corporation today announced that it has entered into an agreement for a $34-million bought deal financing with a syndicate of underwriters led by GMP Securities Ltd. The proceeds from the offering will be used to fund construction of a flat panel television display pilot production facility for its subsidiary, iFire Technology. 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.
WED announce the deal on july 14 , so I guess Mr Dilaney was the first to take the opportunity to acquire some shares .Btw Dilaney now has over 12 million dollars invested in WED , so it's in his best interest that Westaim is successful .
Cheers
The Bridgejumper