Salman Completes Its Acquisition of Woodstone Capital

Salman Partners Inc. (“Salman”) and Woodstone Capital Inc. (“Woodstone Capital”) are pleased to announce the completion of their amalgamation.

The business combination joins the forces of the two veteran IIROC Dealer Members to expand the range of investment services they provide to their growing, sophisticated client bases in changing times.

“We are delighted to have completed the amalgamation and look forward to building out our platform to better serve our combined client base” said Terry Salman, CEO. “This significant step will position us to better address the challenging landscape facing independent investment firms and will provide an alternative to bank-owned dealers.”

Woodstone’s founders, Mahmood and Fareed Ahamed, added, “We are very happy to be part of the combined firm and Woodstone Capital will continue to provide the same high quality services through “the Woodstone Capital division of Salman Partners Inc.”. We believe we have created a platform for business growth at both the individual and firm levels. We look forward to welcoming new advisors to join the firm in offering a wide range of services to the Canadian investor.”

About Woodstone

Woodstone Capital Inc., founded in 1997, is a well-established boutique retail broker providing outstanding service to its sophisticated client base, comprised of institutions and high net-worth clients. Since 2001 Woodstone Capital has been instrumental in raising over $100 million for junior issuers that have gone on to become mid-cap and large-cap companies. Woodstone Capital is an IIROC Dealer Member, a member of the Canadian Investor Protection Fund (CIPF), and a participating organization of the Toronto Stock Exchange and the TSX-Venture exchange.

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