Mr. Leo Berezan reports
WESCAN ENERGY ANNOUNCES ISSUANCE OF STOCK OPTIONS
Wescan Energy Corp. has issued a total of 3.4 million options to purchase common shares in the capital of the company to directors, officers and consultants of the company at a price of six cents per share. The options vest as to one-third immediately, with an additional one-third vesting on the six-month anniversary of the date of grant and the final one-third vesting on the first anniversary of the date of grant. The options expire on April 17, 2029. The issuance of the options is subject to approval by the TSX Venture Exchange and the approval of the revised stock option plan of the company, which is expected to be put forth for approval at the next annual general and special meeting of shareholders of the company.
We seek Safe Harbor.
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