WesCan Energy Announces Closing of Private Placement
WesCan Energy Announces Closing of Private Placement
[DATELINE]WesCan Energy Corp. (TSXV: WCE) ("WesCan" or the "Company") is pleased to announce that it has now closed its previously announced non-brokered private placement of common shares in the capital of the Corporation ("Common Shares") at a subscription price of $0.10 per Common Share for gross proceeds of $500,000 (the "Offering"). The previously announced loan transaction continues to be negotiated with the counter-party in an effort to find mutually acceptable commercial terms on the settlement of same.
[日期線]WesCan Energy Corp.(TSXV：WCE)(“WesCan“或”公司“)高興地宣佈，現已完成先前宣佈的以本公司股本進行的非經紀私募普通股(”普通股“)認購價為每股普通股0.10美元，總收益為500,000美元(”供奉先前宣佈的貸款交易繼續與交易對手談判，以努力找到雙方都能接受的關於結算的商業條件。
The Common Shares are subject to a four-month and a day hold period from the date of issuance, expiring on August 01, 2022. No commissions or finders fees were paid pursuant to the Offering.
普通股自發行之日起有四個月零一天的持有期，於2022年8月1日到期。根據此次發行，沒有支付任何佣金或發現人費用。
Proceeds from the Offering will be used primarily for the Company's drilling program of a new development well located in the Company's core area at Provost, Alberta, and general working capital purposes. The Company is pleased to further announce that it has also commenced the preliminary groundwork including permission for surveying, land acquisition(s) and other field related services in preparation of the new well.
此次發行所得資金將主要用於公司位於艾伯塔省普羅沃斯特核心區的一口新開發油井的鑽探計劃，以及一般營運資金用途。本公司高興地進一步宣佈，已開始初步基礎工作，包括批准勘測、土地徵用和其他與油田相關的服務，以準備新油井。
In addition, WesCan will also be reviewing production optimization schemes including pipeline enhancements and overall field operational efficiencies at the Company's wholly owned facilities in anticipation of an increase in overall production from the results of certain well repairs that have now begun and in the event of the successful drilling and completion of the new well.
此外，WesCan還將審查生產優化計劃，包括管道增強和公司全資擁有的設施的整體現場運營效率，預計如果新油井成功鑽探和完成，某些油井維修的結果將使整體產量增加。
FOR FURTHER INFORMATION, PLEASE CONTACT:
欲瞭解更多信息，請聯繫：
Greg T. Busby, President & CEO
WESCAN ENERGY CORP
Tel: (403) 265-9464
John H. Cassels, CFO
WESCAN ENERGY CORP. .
Tel: (403) 265-9464
格雷格·T·巴斯比，總裁兼首席執行官
威斯坎能源公司
電話：(403)265-9464
約翰·H·卡塞爾，首席財務官
威斯坎能源公司。。
電話：(403)265-9464
TSX Venture: WCE
多倫多證券交易所風險投資：WCE
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多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所創業板交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Disclaimer for Forward-Looking Information
對前瞻性信息的免責聲明
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 certain 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 securities pursuant to the private placement, the identity of the subscribers under the private placement, the proposed use of proceeds, the expiry of applicable hold periods and the receipt and timing of regulatory approval. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the Offering may not close on the expected timeline or for the expected amounts or that regulatory approval may not be received for the Offering. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as otherwise required by law.
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