Leo Berezan Acquires Additional Common Shares as Part of Settlement of Lawsuit

About this update from Wescan Energy Corp.

[{"type":"text","content":"Leo Berezan Acquires Additional Common Shares as Part of Settlement of Lawsuit\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n April 2, 2024 – TheNewswire -\n \n \n Calgary, Alberta – Leo Berezan (the “\n \n \n Offeror\n \n \n ”), a\ncurrent insider WesCan Energy Corp. (“\n \n \n Wescan\n \n \n ”)\n \n \n (TSXV:WCE)\n \n \n by virtue of\nbeing a 10% shareholder through his holdings personally and\n \n \n through a company controlled by him, 401601 BC\nLtd. (“\n \n \n Holdco\n \n \n ”) as well as being a director and officer of WesCan,\n \n \n announces that\n \n \n \n effective March 28, 2024, t\n \n \n \n he\nOfferor has acquired an additional\n \n 2,313,000\n \n common shares in the capital of Wescan (“\n \n \n Common Shares\n \n \n ”)\nfrom an arm’s length shareholder and creditor of WesCan at a price\nof $0.04 per Common Share pursuant to the terms of an agreement as\npart of a negotiated settlement of outstanding debt and to settle a\nlawsuit with said creditor. Prior to completion of the issuance, the\nOfferor beneficially owned and controlled\n \n 7,632,800\n \n Common Shares, constituting approximately 18.4% of the\noutstanding 41,472,957 Common Shares issued and outstanding on both an\nundiluted and diluted basis. Following the acquisition described\nabove, the Offeror holds a total of 9,945,800 Common Shares,\nrepresenting approximately 23.98% of the issued and outstanding\n41,472,957 Common Shares on both an undiluted and diluted\nbasis.\n \n \n \n \n Mr. Berezan has acquired the Common Shares for\ninvestment purposes and from time to time, Mr. Berezan may acquire\nadditional securities of Wescan, dispose of some or all of the\nexisting or additional securities he holds or will hold, or may\ncontinue to hold his current position.\n \n \n \n \n An early warning report is being filed concurrently\nwith this news release under Wescan’s SEDAR profile at\n \n \n \n \n www.sedar.com\n \n \n \n \n and a copy of\nthe report may be obtained from SEDAR or by contacting Mr. Berezan at\nthe address below.\n \n \n \n \n For more information contact:\n \n \n \n \n Leo Berezan\n \n \n Suite 210, 8399 200 Street\n \n Langley, BC V2Y 3C2\n \n \n \n \n \n Copyright (c) 2024 TheNewswire - All rights reserved.\n \n \n","length":3629,"tagName":"div"}]

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