Business
Wescan completes acquistion of Jojay Gold Deposit
Wescan completes acquistion of Jojay Gold Deposit.
About this update from Wescan Goldfields Inc.
[{"type":"text","content":"\n\n\n\n\nStock Symbol: WGF: TSX-VEN\nWESCAN GOLDFIELDS INC.\n\nSASKATOON, Nov. 1 /CNW/ - Maurice (Moe) Lindsay, President of Wescan\nGoldfields Inc. (\"Wescan\") is pleased to announce that Wescan has completed\nand closed the previously announced purchase from Claude Resources Inc.\n(\"Claude\") of all their interest in the Jojay Gold Deposit. Pursuant to this\ntransaction, Wescan acquired an additional 75% participating interest in the\ndeposit, bringing its total participating interest in the property to 100%.\nThe Jojay Gold Deposit was formerly held by Wescan (25% and operator) and\nClaude (75%) under a Joint Venture agreement. The Jojay Gold Deposit is\nlocated in the LaRonge Greenstone Belt of northern Saskatchewan. Wescan\nacquired Claude's interest by the issuance of three and one half million \n(3.5 M) Wescan common shares on October 24, 2006.\nM. Lindsay notes that \"this acquisition further enhances Wescan's stated\nstrategy to consolidate and develop its gold holdings in Northern\nSaskatchewan.\"\n\nWescan is a Canadian based corporation engaged in the acquisition,\nexploration and development of mineral properties. Shares of the Company trade\non the TSX Venture exchange under the trading symbol \"WGF\".\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release.\n\n\n\n","length":1410,"tagName":"div"}]