April 17, 2024 – TheNewswire – Calgary, Alberta  WesCan Energy Corp. (TSXV: WCE) (“WesCan” or the “Company”) is announcing that it has issued a total of 3,400,000 options to purchase common shares in the capital of the Company to directors, officers and consultants of the Company at a price of $0.06 per share (the “Options”). The Options vest as to one third immediately, with an additional one third vesting on the six month anniversary of the date of grant and the final one third vesting on the first anniversary of the date of grant. The Options expire on April 17, 2029. The issuance of the Options is subject to approval by the TSX Venture Exchange and the approval of the revised stock option plan of the Company, which is expected to be put forth for approval at the next annual general and special meeting of shareholders of the Company.

 

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

 

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.

 

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

 

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. 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 a suitable successor is not identified or engaged in a timely fashion. 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.