TORONTO, Aug. 11, 2017 /CNW/ - The Westaim Corporation
("Westaim" or the "Company") (TSXV: WED) announced today that
Peter H. Puccetti has resigned from
the Company's board of directors.
J. Cameron MacDonald, President
and Chief Executive Officer of the Company, commented: "Peter was
part of the driving force behind Westaim's change in focus in early
2009 and has been a board member since December 2008. We offer our sincere thanks to
Peter for his valuable contributions to Westaim over many years as
a director and member of several committees."
About Westaim
Westaim 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. Westaim's strategy is to pursue investment
opportunities with a focus towards the financial services industry
and grow shareholder value over the long term. Westaim's
investments include significant interests in HIIG and the Arena
Group. HIIG, the HIIG Partnership, Arena, the Arena Group,
Arena Finance, Arena Origination and Arena Investors are defined in
the notes to Westaim's audited consolidated financial statements
for the years ended December 31, 2016
and 2015 and the MD&A. Westaim's common shares are listed
on the TSX Venture Exchange under the trading symbol WED.
Except for statements of historical fact contained herein,
information in this press release may constitute "forward-looking
information" within the meaning of Canadian securities laws. Other
than statements of historical fact, all statements that involve
various known and unknown risks, uncertainties and other factors
are "forward-looking statements". There can be no assurance that
such statements will prove accurate. Results and future
events could differ materially from those anticipated in such
statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Westaim Corporation
