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WESCAN GOLDFIELDS INC. ENGAGES ACA HOWE AND ANNOUNCES PROPOSED PRIVATE PLACEMENT
WESCAN GOLDFIELDS INC. ENGAGES ACA HOWE AND ANNOUNCES PROPOSED PRIVATE PLACEMENT Canada N...
About this update from Wescan Goldfields Inc.
[{"type":"text","content":"\n\n\nWESCAN GOLDFIELDS INC. ENGAGES ACA HOWE AND ANNOUNCES PROPOSED PRIVATE PLACEMENT\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/\nSASKATOON, SK, Dec. 1, 2025 /CNW/ - Wescan Goldfields Inc. (TSXV: WGF) (\"Wescan\" or the \"Company\") is pleased to announce that it has engaged A.C.A. Howe International (\"ACA Howe\") to complete updated technical studies on the Company's gold projects. This engagement represents an important milestone in Wescan's efforts to advance its gold projects with updated geological information, refined economics, and a renewed focus on unlocking value across its assets. The Company believes this work will provide a stronger foundation for future development decisions and marks a significant step forward in positioning Wescan for meaningful growth.\n\n\n\n\n\n\n\nThe Company is also announcing that it intends to complete a private placement of up to 10,000,000 units of the Company (the \"Units\") at a price of $0.05 per Unit, for aggregate gross proceeds of up to $500,000 (the \"Offering\"). Each Unit will consist of one common share in the capital of the Company (each, a \"Common Share\") and one Common Share purchase warrant of the Company (each, a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.10 for a period of twenty-four months from the date of issuance thereof. The Company intends to use the proceeds from the Offering to update the Mineral Resource Estimate on Jojay, review technical information on the historic Jasper mine and the Munro Lake project to support permitting and planning 2026 exploration programs and for general working capital purposes.\nInsiders may participate at greater than 20% of the Offering.\nThe Offering will be conducted pursuant to available exemptions from the registration and prospectus requirements of applicable securities legislation, including sales to accredited investors an...