Westbridge Capital Ltd., is pleased to report that the Canadian Tarpaulin debenture offering has been fully subscribed for. The acquisition of the business is now scheduled to close on September 30th, 2009.
Michael Meekins, President of Westbridge Capital said, "the successful conclusion of this financing (in a difficult economy) is a testament to the reputation for quality and fair dealing that Dan and his team at Canadian Tarpaulin have developed over their 30 year operating history, we at Westbridge look forward to working with Dan and his team to insure that the best and brightest days for this business lay ahead".
About Canadian Tarpaulin Manufacturers Ltd.
Canadian Tarpaulin Manufacturers Ltd. is a Saskatoon based manufacturer of tarp and protective coverings for a wide range of applications. The company has enjoyed 30 years of sustained profitability.
About Westbridge Capital
Westbridge Capital is a private equity management company. Westbridge Capital focuses exclusively on real estate and private equity investments that by their nature have little correlation to publicly listed securities and may be used to diversify a portfolio and reduce overall portfolio risk and volatility.