Business
Westaim Files Selected Financial Information Relating to Houston International Insurance Group, Ltd.
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION  TO U.S. NEWSWIRE S...
About this update from Westaim Corporation
[{"type":"text","content":"\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/\n\n\n\nTORONTO, Aug. 28, 2014 /CNW/ - In connection with the acquisition by Westaim HIIG Limited Partnership (the Partnership) of approximately 70.8% of the issued and outstanding shares of common stock of Houston International Insurance Group, Ltd. (HIIG) completed on July 31, 2014, The Westaim Corporation (Westaim or the Company) (TSXV: \"WED\") announced today that it has filed certain selected financial information relating to HIIG.  The selected financial information (the HIIG Financial Information) has been derived from the interim unaudited consolidated financial statements of HIIG for the six months ended June 30, 2014.  Such statements are the responsibility of the management of HIIG, are unaudited and have been prepared in accordance with United States generally accepted accounting principles (US GAAP).   \n\nThe HIIG Financial Information is being filed by Westaim with applicable Canadian securities regulators to provide investors with selected information regarding HIIG's most recent financial results.  The HIIG Financial Information should be read in conjunction with Westaim's historical financial statements including the notes thereto and the related management's discussion and analysis as well as Westaim's other public filings.  \n\nThe HIIG Financial Information is available on SEDAR (www.sedar.com).\n\nAbout Westaim\n\nWestaim is a publicly traded Canadian-based investment company that 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 to grow shareholder value (as measured by book value per share) over the long term. Westaim's common shares are listed on the TSX Venture Exchange under the trading symbol WED.\n\nNeither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.\n\nCertain portions of this press release as well as other public statements by Westaim contain forward-looking statements. Such forward-looking statements include but are not limited to statements concerni...