On July 15, 2008, Western announced a C$74 million cash offer from Tinpo Holdings Industrial Company Limited to acquire all the outstanding common shares of Western for C$1.34 per share. Based on the recommendation of Western’s Special Committee and advisors, the Board of Directors unanimously recommends acceptance of the Tinpo offer. The Tinpo offer is open for acceptance until 5:00 p.m. Pacific Time on September 11, 2008.