WesternOne Inc. Announces Dividend for October 2014 and Schedules Conference Call for Q3 2014 Financial Results

VANCOUVER, Oct. 21, 2014 /CNW/ - WesternOne Inc. (TSX: WEQ, WEQ.DB and WEQ.DB.C) ("WesternOne") today announced that its Board of Directors has approved a cash dividend of $0.05 per share for the month of October 2014 (equivalent to $0.60 per share on an annualized basis). This dividend will be paid on November 25, 2014 to shareholders of record at the close of business on October 31, 2014. This dividend is an eligible dividend for Canadian income tax purposes.

The policy of WesternOne is to pay dividends on or about the 16th trading day after the record date to shareholders of record on the last business day of the preceding month.

WesternOne offers a Premium DividendÔ and Dividend Reinvestment Plan (the "Plan") to eligible shareholders of WesternOne. The Plan provides eligible shareholders of WesternOne with an opportunity to receive, by reinvesting the monthly cash dividends declared payable on their common shares of WesternOne, either (i) new common shares of WesternOne at a subscription price equal to a 3% discount to the Average Market Price (as defined in the Plan); or (ii) a premium cash payment equal to 102% of the amount of the reinvested cash dividends.

As at September 30, 2014, WesternOne had 37,792,450 common shares, $71,039,000 principal amount of 8% Convertible Series 2 Unsecured Subordinated Debentures and $51,750,000 principal amount of 6.25% Convertible Series 3 Unsecured Subordinated Debentures outstanding.

Conference Call Information

WesternOne today also announced the scheduling of its Q3 2014 Financial Results Conference Call. Peter Blake, CEO and the management team will host a conference call at 4:30pm (Eastern time) or 1:30pm (Pacific time), on Thursday November 13, 2014, to review the financial results and corporate developments for the period ended September 30, 2014.

To participate in this conference call, please dial one of the following numbers approximately 10 minutes prior to the commencement of the call, and ask to join the WesternOne conference call.

Dial in numbers:	Toll Free........................................................... 1-888-390-0546
	International or Local Toronto.......................... 1-416-764-8688

Conference Call Replay

If you cannot participate on November 13, 2014, a replay of the conference call will be available by dialing one of the following replay numbers. You will be able to dial in and listen to the conference two hours after the meeting end time, and the replay will be available until November 20, 2014. Please enter the Replay ID number 096972 followed by the # key.

Replay Dial in:	Toll Free........................................................... 1-888-390-0541
	International or Local Toronto.......................... 1-416-764-8677

About WesternOne

WesternOne seeks to acquire and grow businesses in the construction and infrastructure services sector in order to generate stable dividends to its shareholders and to achieve capital appreciation.

Additional information about WesternOne is available at www.weq.ca or www.sedar.com.

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SOURCE: WesternOne Inc.

Andrew Greig, Manager of Investor Relations, WesternOne Inc., Suite 910, 925 West Georgia Street, Vancouver, BC, V6C 3L2, Phone: [phone], E-mail: [email protected], Website: www.weq.ca