Senior Westaim execs buy out AIMCo investment

Senior executives of Calgary-based Westaim Corp. (TSX Venture: WED) have acquired common shares held by affiliates of the Alberta Investment Management Corporation (AIMCo) at a price of $0.03 per share. The investment bought represents approximately 44.3% of the total number of issued and outstanding shares of the company. In 2010, AIMCo invested in Westaim in support of the company's acquisition of JEVCO Insurance Co. for $264 million. JEVCO was sold in 2012.

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