Shawano Wapunong Investments Corp.

ORGANIZATIONAL MANDATE

  • Shawano-Wapunong Investment Corp. was incorporated as a private corporation under the Corporations Act of Manitoba and began operations in October 1982.
  • Shawano-Wapunong Investments Corp. is owned and operated equally by the eight First Nations of SERDC.
  • Shawano-Wapunong Investments Corp. is dedicated exclusively to the economic development of its shareholders by placing long-term strategic investments in the mainstream economy which provides a reasonable return, generates wealth, and provides a solid foundation for First Nations’ economic development and self-government initiatives.

 

SHAWANO-WAPUNONG ASSETS OWNERSHIP

At present, Shawano’s assets are comprised of the following real estate:

  • 360 Broadway Avenue
  • Parking Lot at 384 Broadway Avenue

ASSETS

ONE-SEVENTH (1/7) OF TRIBAL COUNCILS INVESTMENT GROUP (TCIG) WHICH OWNS:

  • First Canadian Health (NIHB) based in Toronto, ON
  • 5% of First Nations Bank of Canada

Other Assets

  •  Southeast College, 1301 Lee Boulevard
  • Southeast Personal Care Home, 1265 Lee Boulevard 

SHARES IN BUSINESSES INCLUDING:

  • 100% of Players Golf Course, Winnipeg
  • 30.6% of Larter’s Golf Course, Winnipeg
  • 15.3% of Meadows Golf Course

ACHIEVEMENTS

Shawano-Wapunong Investments Corp. has provided direct and indirect financial benefits such as cash returns to SERDC First Nations and Capital Loans and Loan Guarantees to:

  • Poplar River Nursing Residence
  • Poplar River Health Facility
  • Pauingassi Nursing Station
  • Berens River Health Facility
  • Southeast College
  • Players Golf Course
  • Wa-Wa-Taik Building Supplies Ltd.
  • Wasenikan Window Manufacturing Ltd.
  • Barge at Berens River First Nation
  • Bloodvein Nursing Station
  • Buffalo Point First Nation Golf Course
  • South Beach Casino
  • Black River First Nation 8-Unit CMHC Project
  • Berens River First Nation CMHC RRAP Project
  • Hollow Water First Nation CMHC Housing Project

 

Shawano-Wapunong Investments Corp.has provided Administrative Loans to:

  • Poplar River First Nation
  • Little Grand Rapids First Nation
  • Bloodvein First Nation
  • Hollow Water First Nation
  • Black River First Nation
  • Brokenhead Ojibway Nation
  • Pauingassi First Nation
  • Berens River First Nation
  • Buffalo Point First Nation

 

SUMMARY

The establishment and development of this company and its financial performance and financial strength over the past 20 years have provided the nine First Nations owners with the financial strength to provide both the direct and indirect benefits to the shareholding communities.

The continued growth of the company and, more importantly, as a result of this growth, the potential for major long-term financial and service benefits to the shareholding communities depends upon patience by the shareholders in foregoing quick cash returns from this business. As has been shown by the past years' operating performances and asset growth identifying and then investing in market, sound investments can create considerable future value for the shareholders.

STAFF

Sais Madansingh & Doug Mercer, A/Managing Director / Advisor

Darrell Jackson, Building Maintenance

Billy Pryor, Building Security

 

Southeast Resource Development Council Corp.
Head Office: Box 30 Scanterbury, Manitoba R0E 1W0
Winnipeg Office: 6th Floor - 360 Broadway, Winnipeg, MB R3C 0T6