10:27:38 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Wescan Energy Corp
Symbol WCE
Shares Issued 24,692,991
Close 2017-10-13 C$ 0.045
Market Cap C$ 1,111,185
Recent Sedar Documents

Wescan shareholder Berezan acquires 892,000 shares

2017-10-17 15:34 ET - News Release

Mr. Greg Busby reports

SHAREHOLDER, LEO BEREZAN ACQUIRES ADDITIONAL COMMON SHARES OF WESCAN ENERGY CORP.

Leo Berezan, a current insider of WesCan Energy Corp., by virtue of being a 10-per-cent shareholder, announces effective Sept. 15, 2017, that he has acquired an additional 92,000 common shares in the capital of WesCan from treasury pursuant to the closing of an issuance of shares for debt at a deemed price of 7.5 cents per common share. In addition, a company which is controlled by the offeror, 401601 BC Ltd., incorporated in British Columbia and which has as its principal place of the business at the same address as the offeror, was issued from treasury a total of 800,000 common shares at a deemed price of 7.5 cents per common share. Prior to completion of the issuance, the offeror beneficially owned and controlled 3,743,800 common shares, constituting approximately 17.2 per cent of the then outstanding 21,753,991 common shares issued and outstanding on an undiluted basis and 16.2 per cent of the 23,053,991 common shares which would be issued and outstanding on a fully diluted basis (assuming exercise of all of the issued and outstanding 1.3 million stock options). Following the acquisition described above, the offeror holds a total of 4,635,800 common shares, representing approximately 18.77 per cent of the issued and outstanding 24,692,991 common shares on an undiluted basis and approximately 17.8 per cent of the issued and outstanding 25,992,991 common shares on a fully diluted basis (assuming exercise of all of the issued and outstanding 1.3 million stock options).

Mr. Berezan has acquired the common shares for investment purposes and from time to time, Mr. Berezan may acquire additional securities of WesCan, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position.

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