Westbridge Capital is pleased to announce that Michael Levine, Executive Vice President and Michael Meekins, President attended to the initial closing of the private placement of units for the Western Horizons Land Income Trust ( "the Trust") at the offices of Norton Rose LLP in Calgary, Alberta. The initial closing significantly exceeded the minimum set in the Offering Memorandum and served to insure that the Trust will be able to begin operations. Mike Levine was quoted as saying, "This closing will allow for the Trust's participation in the property ownership pursuant to the guidelines detailed in our Offering Memorandum and based on current sales momentum we project moving towards our maximum offering amount in subsequent closings yet this year", he added "we would like to thank the agents that introduced this investment opportunity to their clients and the many individual investors that saw fit to include this investment in their personal portfolios."
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.