September 16, 2013 17:59 ET
TORONTO, ONTARIO--(Marketwired - Sept. 16, 2013) - Brookfield Asset Management Inc. ("Brookfield") and West Street Capital Corporation ("West Street") (TSX VENTURE:WSC)(TSX VENTURE:WSC.PR.A) announced today that 2,514,266 Common Shares of West Street (the "Common Shares") have been validly deposited to the offer made by Brookfield to acquire all of the Common Shares that Brookfield does not already own. Brookfield also announced that the conditions to the increased offer have all been satisfied. As soon as practicable, Brookfield will take up and accept for payment all Common Shares deposited to the increased offer. Payment is expected to be made by no later than September 19, 2013.
Approximately 57% of the Common Shares not already owned by Brookfield were deposited to and will be taken up under the increased offer. Upon payment for the Common Shares taken up, Brookfield will beneficially own 9,072,524 Common Shares, representing approximately 83% of the issued and outstanding Common Shares.
West Street Capital CorporationMabel W.H. WongVice President, Finance(416) 363-9491
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