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Pacific &; Western Credit Corp. announces closing of private placement of Class ";B"; Preferred Shares

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  Published in Business and Finance on Thursday, December 31st 2009 at 7:10 GMT by Market Wire
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LONDON, ON, Dec. 31 /CNW/ - Pacific & Western Credit Corp. (TSX:PWC) is pleased to announce that it completed the closing of a private placement of 204,500 Class "B" Preferred Shares on December 30, 2009. Net proceeds from this closing are $4.8 million, and will be used for working capital purposes in Pacific & Western Credit Corp.

Pacific & Western Credit Corp.'s Class "B" Preferred Shares trade on the TSX under the symbol PWC.PR.B.

To receive company news releases, please contact: Carla McPhee at [ carlam@pwbank.com ], (519) 675-4204