Northwire Canada EditionSaturday, October 17, 2026
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M&A / Property

SISU INVESTMENT CORPORATION PURCHASES SHARES OF WILMINGTON CAPITAL MANAGEMENT INC. FROM 2361380 ONTARIO LIMITED

WCM · Price

Executive Summary

  • Sisu Investment Corporation purchased 2,500,000 Class A and 115,000 Class B shares of Wilmington Capital Management Inc. from 2361380 Ontario Limited for a total of C$6,537,500.
  • The transaction increases Sisu’s ownership to approximately 35.4% of Wilmington’s Class A shares and 29.3% of its Class B shares.
  • The purchase was made at C$2.50 per share and is being reported under NI 62‑103 (Early Warning System).

Key Details

  • Shares Acquired: 2,500,000 Class A Shares (≈22% of outstanding) and 115,000 Class B Shares (≈11.5% of outstanding).
  • Post‑Transaction Ownership – Sisu: 4,065,574 Class A Shares (≈35.4% of outstanding) and 292,559 Class B Shares (≈29.3% of outstanding).
  • Post‑Transaction Ownership – 2361380 Ontario Ltd.: 1,013,420 Class A Shares (≈8.8%) and 90,000 Class B Shares (≈9%).
  • Purchase Price: C$2.50 per share; total consideration C$6,537,500.
  • Purpose: Acquired for investment purposes; no indication of a pending takeover or change of control.
  • Regulatory Filing: Early warning reports to be filed on SEDAR+ under Wilmington’s issuer profile in accordance with NI 62‑103.

Notable Quotes

(No executive quotes were provided in the release.)

Read the original news release →

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