Mr. Leo Berezan reports
FILING OF EARLY WARNING REPORT
Leo Berezan has filed an early warning report dated Dec. 19, 2012, about his holdings of a total of 733,500 common shares in the capital stock of Wescan Energy Corp., representing approximately 19.3 per cent of the issued and outstanding common shares of Wescan. Mr. Berezan was issued 500,000 common shares from the treasury of Wescan at an issue price of 20 cents per share in connection with the private placement offering of common shares by Wescan.
Mr. Berezan has filed this report as a result of an increase in his holdings in Wescan from approximately 9.8 per cent to 19.3 per cent of its issued and outstanding common shares. The 500,000 common shares purchased by Mr. Berezan are subject to a four-month-plus-one-day hold period in accordance with applicable securities laws.
The common shares were acquired for investment purposes only. Additional common shares of Wescan may be acquired by Mr. Berezan in the open market for investment purposes only.