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16:20:49 EDT Sun 28 Apr 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

T. Busby Subject: Early Warning Report - News Release File: Leo Berezan - Early Warning Report Oct. 2017.docx NEWS RELEASE For Immediate Release October 17, 2017 THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Shareholder, Leo Berezan Acquires Additional Common Shares of WesCan Energy Corp. Calgary, Alberta - Leo Berezan, a current insider WesCan Energy Corp. ("WesCan") by virtue of being a 10% shareholder (the "Offeror"), announces effective September 15, 2017 that he has acquired an additional 92,000 common shares in the capital of WesCan ("Common Shares") from treasury pursuant to the closing of an issuance of shares for debt (the "Shares for Debt Transaction") at a deemed price of $0.075 per Common Share. In addition, a company which is controlled by the Offeror, 401601 BC Ltd. ("HoldCo."), 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 $0.075 per Common Share. Prior to completion of the issuance, the Offeror beneficially owned and controlled 3,743,800 Common Shares, constituting approximately 17.2% of the then outstanding 21,753,991 Common Shares issued and outstanding on an undiluted basis and 16.2% 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 1,300,000 stock options). Following the acquisition described above, the Offeror holds a total of 4,635,800 Common Shares, representing approximately 18.77% of the issued and outstanding 24,692,991 Common Shares on an undiluted basis and approximately 17.8% of the issued and outstanding 25,992,991 Common Shares on a fully diluted basis (assuming exercise of all of the issued and outstanding 1,300,000 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. An early warning report is being filed concurrently with this news release under WesCan's SEDAR profile at www.sedar.com and a copy of the report may be obtained from SEDAR or by contacting Mr. Berezan at the address noted below. For additional information, please contact: Leo Berezan Suite 203, 20171 92A Avenue Langley, B.C. VIM 3A5

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