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File: WesCan Private Placement Press Release - Mar.31. 2014.doc


  
    
Suite 2500,  520  - 5th Ave. S.W.
Calgary, AB. T2P 3R7
T 403.265.9464
F 403.266.1510 
www.wescanenergycorp.com
                      
 NEWS RELEASE
 WesCan Energy Announces Private Placement

	 For Immediate Release 			       March 31, 2014 
	
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
--->   

March 31, 2014 - Calgary, Alberta - WesCan Energy Corp. (TSXV:WCE) ("WesCan" or the "Company") announces a proposed no
--->n-brokered private placement of up to 8,333,334 units ("Units") at a price of $0.06 per Unit for aggregate gross proce
--->eds of up to $500,000 (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.
 
The securities issued under the Offering will be subject to a four-month and one day hold period from the date of clos
--->ing. Closing of the Offering is subject to acceptance from the TSX Venture Exchange. Proceeds from the Offering will b
--->e used for the continuation of identifying and evaluating potential transactions and general working capital purposes.
FOR FURTHER INFORMATION, PLEASE CONTACT:

Greg T. Busby, President & CEO                                            
WESCAN ENERGY CORP.  
 Tel: (403) 265-9464   

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in t
--->he United States. The securities have not been and will not be registered under the United States Securities Act of 19
--->33, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the Unit
--->ed States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or a
--->n 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 certai
--->n 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 units pursuant to the private placement, th
--->e identity of the subscribers under the private placement, the proposed use of proceeds, the expiry of hold periods an
--->d regulatory approval. Although the Company believes that the expectations reflected in the forward-looking informatio
--->n are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking stat
--->ements are subject to risks and uncertainties that may cause actual results, performance or developments to differ mat
--->erially from those contained in the statements including, without limitation, the risks that the shares may not resume
---> trading as planned and that the escrowed shares may not be released as planned.