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WesCan Energy Corp Announces Private Placement


Friday, 24 May 2013 03:25pm EDT 

WesCan Energy Corp announced that proposed non-brokered private placement of up to 15,000,000 units (Units) at a price of $0.0525 per Unit for aggregate gross proceeds of up to $787,500 (the Offering). Each Unit will be comprised of one common share (Common Share) and one-half of a share purchase warrant of the Company (a Warrant). Each whole Warrant will entitle the holder to purchase one Common Share for a period of 24 months from the closing date at an exercise price of $0.10 per share. Closing of the Offering is subject to acceptance from the TSX Venture Exchange. Proceeds from the Offering will be used for the continuation of identifying and evaluating potential acquisitions, debt reduction and general working capital purposes. 

Company Quote

0.04
-0.0050 -11.11%
22 Jul 2014