|
Wescan Goldfields Inc. Announces First Tranche And Amendments To Private Placement26.02.2022 | 0:06 Uhr | CNW
SASKATOON, Feb. 25, 2022 - Wescan Goldfields Inc. ("Wescan" or the "Company") is pleased to announce that it has completed the first tranche of the previously announced private placement financing (the "Offering") (see News Releases dated February 11, 2022) by issuing an aggregate of 3,554,286 Units of the Company at a price of $0.07 per Unit, for gross proceeds of $248,800 (collectively, the "Initial Tranche"). Each Unit is comprised of one common share and one warrant. Each whole warrant will entitle the holder thereof to purchase one common share at a price of $0.10, for a period of twelve months from closing of the Initial Tranche. Insiders participated at greater than 25% of the Initial Tranche. Pursuant to Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), the purchase by the insiders was a "related party transaction" however the Company was exempt from the requirements to obtain a formal valuation or minority shareholder approval in connection with the Initial Tranche, as the fair market value of the participation in the private placement by insiders in the Initial Tranche does not exceed 25% of the market capitalization of the Company. Wescan is also pleased to announce that it will seek to amend the previously announced private placement financing to consist of an aggregate of up to 5,000,000 Units (including Units of the Initial Tranche) of the Company at a price of $0.07 per Unit, for gross proceeds of up to $350,000 (collectively, the "Amended Offering"). Each Unit is comprised of one common share and one warrant. Each whole warrant will entitle the holder thereof to purchase one common share at a price of $0.10, for a period of twelve months from closing of the Offering. The Company may also issue common shares from treasury equal to 6% ("Finder Shares") and warrants ("Finder Warrants"), equal to 6% of the number of Units attributable to Finders pursuant to the Amended Offering. Each Finder's Warrant will entitle the holder thereof to purchase one common share at a price of $0.10, for a period of twelve months from closing of the Amended Offering. All securities issued pursuant to the Amended Offering are subject to a four month hold period in accordance with applicable securities laws and exchange regulations. The proceeds from the Amended Offering (including the Initial Tranche) will be used by Wescan for general working capital purposes as well as on the Company's gold properties. Closing of the private placement is subject to the receipt of applicable regulatory approvals including approval of the TSX Venture Exchange ("TSX-V"). The Amended Offering will be conducted pursuant to prospectus exceptions, including sales to accredited investors and to close personal friends and business associates of directors and officers of the Company. Subscribers purchasing shares under the prospectus exemptions for accredited investors and close personal friends and business associates of directors and officers of the Company will need to make customary representations and warranties in writing that they meet certain requirements of the exemptions. The offer and sale of the securities offered has not been and will not be registered under the US Securities Act of 1933, as amended, or any state securities laws, and such securities may not be offered or sold in the United States absent registration or applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction in which the offer, sale or solicitation would be unlawful. Wescan is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of Wescan trade on the TSX-V under the trading symbol "WGF". Caution Regarding Forward-Looking Statements "Neither 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 release."
Dieser Artikel stammt von Rohstoff-Welt.de
Die URL für diesen Artikel ist: http://www.rohstoff-welt.de/news/artikel.php?sid=318284
© 2007 - 2024 Rohstoff-Welt.de ist ein Mitglied der GoldSeiten Mediengruppe
Es wird keinerlei Haftung für die Richtigkeit der Angaben übernommen! Alle Angaben ohne Gewähr! Kursdaten: Data Supplied by BSB-Software.de (mind. 15 min zeitverzögert) Werbung | Mediadaten | Kontakt | AGB | Impressum | Datenschutz |