Sept 22 (Reuters) - Western Investment Company of Canada Ltd WI.V
* The Western Investment Company of Canada agrees to acquire 75% of a North American specialty retailer
* Western Investment Company of Canada Ltd - LOI establishes enterprise value for retailer at $9.5 million
* Western Investment Company of Canada Ltd - parties have agreed to keep identity of retailer confidential until all conditions have been removed
* Western Investment Company of Canada Ltd - deal terms include western contributing $3.45 million in cash, and current owner/managers retaining $1.15 million