WesternOne Inc. Announces Cash Dividend for July 2014 and Schedules Conference Call for Q2 2014 Financial Results

VANCOUVER, July 21, 2014 /PRNewswire/ - WesternOne Inc. (TSX: WEQ, WEQ.DB and WEQ.DB.C) ("WesternOne") today announced that its Board of Directors has approved a cash dividend of $0.05 per share for the month of July 2014 (equivalent to $0.60 per share on an annualized basis). This dividend will be paid on August 15, 2014 to shareholders of record at the close of business on July 31, 2014.

As at June 30, 2014, WesternOne  had 31,772,402 common shares, $71,042,000 principal amount of 8% Convertible Series 2 Unsecured Subordinated Debentures and $51,750,000 principal amount of 6.25% Convertible Series 3 Unsecured Subordinated Debentures outstanding.

The policy of WesternOne is to pay cash dividends on or about the 15th day of each month to shareholders of record on the last business day of the preceding month.

WesternOne today also announced the scheduling of its Q2 2014 Financial Results Conference

Call. Robert King, CEO and management team will host a conference call at 4:30pm (Eastern time) or 1:30pm (Pacific time), on Thursday August 7, 2014, to review the financial results and corporate developments for the period ended June 30, 2014.

To participate in this conference call, please dial one of the following numbers approximately 10 minutes prior to the commencement of the call, and ask to join the WesternOne conference call.

Conference Call Replay

If you cannot participate on August 7, 2014, a replay of the conference call will be available by dialing one of the following replay numbers. You will be able to dial in and listen to the conference two hours after the meeting end time, and the replay will be available until August 14, 2014. Please enter the Replay ID number 632629 followed by the # key.

About WesternOne

WesternOne seeks to acquire and grow businesses in the construction and infrastructure services sector in order to generate stable and growing dividends to its shareholders and to achieve capital appreciation.

Additional information about WesternOne is available at www.weq.ca or www.sedar.com.

Trading Symbols
Toronto Stock Exchange: WEQ, WEQ.DB and WEQ.DB.C

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SOURCE WesternOne Inc.