Brief: Fairfax to make strategic investment in Eestaim, significant portfolio investment through Arena investors

Aventus Capital

03/04/2017 11:30

April 3 (Reuters) - Westaim Corp  WED.V : 
    * 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:  ID:nCNWNtdn9a  
Further company coverage:  WED.V  
 
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