Vancouver, Canada – TheNewswire - January 19, 2026 – Pender Street Capital Corp. (TSXV: PCP.P) ("Pender Street" or the "Company") – Pursuant to the requirements of National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, Westcan Energy Ltd. (the “Purchaser”) announces the acquisition of ownership of common shares of the Company.

 

Westcan Energy is a private company incorporated under the laws of British Columbia.

On January 16, 2026, pursuant to a series of private agreements with multiple arm’s-length sellers (the “Sellers”), the Purchaser acquired an aggregate of 702,501 common shares of the Company at an average price of $0.064 per share for a total purchase price of $45,175,

The common shares were acquired from the following Sellers:

• Mark Vanry – 402,501 common shares 

• 677185 BC LTD. – 200,000 common shares 

• Cody Campbell – 100,000 common shares 

Immediately prior to the transaction the Purchaser beneficially owned, or exercised control or direction over, nil common shares.

Immediately following the transaction, the Purchaser beneficially owns, or exercises control or direction over, an aggregate of 702,501 common shares, representing approximately 11.7% of the issued and outstanding common shares of the Company on a non-diluted basis.

Neither Mark Vanry nor Cody Campbell will, following completion of the transaction, beneficially own or exercise control or direction over more than 10% of the issued and outstanding common shares of the Company. 677185 BC LTD. will continue to own in excess of 10% of the issued and outstanding common shares of the Company.

The common shares were acquired by the Purchaser for investment purposes. The Purchaser may, depending on market conditions and other relevant factors, acquire additional securities of the Company or dispose of securities of the Company in the future. The Purchaser does not currently have any intention to acquire securities that would result in a change of control of the Company.

An Early Warning Report will be filed within 2-days of the date of this press release, by the Purchaser on SEDAR+ under the Company’s issuer profile and is available for public viewing.

For further information, please contact:

Westcan Energy	Pender Street Capital Corp.
1-McGuire Crescent Uxbridge, Ontario, L9P 1G7 Telephone: (416) 891-4349	2303 Lawson Avenue West Vancouver, BC, V7V 2E5 Steve Vanry, Director Telephone: (604) 671-9522

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.