August 13, 2024 – TheNewswire – Calgary, Alberta - WesCan Energy Corp. (TSXV:WCE) (“WesCan” or the “Company”) is conducting a non-brokered private placement financing of up to $236,250, consisting of up to 3,150,000 common shares in the capital of the Corporation ("Common Shares") at a subscription price of $0.075 per Common Share (the “Offering”).

 

Closing of the Offering and the terms of the Offering are subject to the acceptance and approval of the TSX Venture Exchange. Closing is expected to occur on or about August 16, 2024, or such other date or dates as the Company may determine in its sole discretion.

Proceeds from the Offering will be used primarily as working capital to bring 3 wells online with est. <45-60 day payouts at current strip.

All updates and press releases will be available on the Company’s website at www.wescanenergycorp.com. Further information regarding the Company and its future plans will be disseminated in future press releases.

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

 

Leo Berezan, Interim President & CEO                                                                    Ed Leung, Interim CFO                        

WESCAN ENERGY CORP.                                                                            WESCAN ENERGY CORP.                                

 Tel: (604) 240-3064                                                                            Tel: (604) 861-6900

 

TSX Venture: WCE                                                                                           www.wescanenergycorp.com

 

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

 

NEITHER THE 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 NEWS RELEASE.

 

Disclaimer for Forward-Looking Information

 

Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” occur. Forward-looking information in this press release includes, but is not limited to, statements regarding expectations of management regarding the issuance of securities pursuant to the private placement, the identity of the subscribers under the private placement, the proposed use of proceeds, the expiry of applicable hold periods and the receipt and timing of regulatory approval. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the Offering may not close on the expected timeline or for the expected amounts or that regulatory approval may not be received for the Offering. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as otherwise required by law.

 

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES