Stock Symbol: WGF: TSX-VEN
SASKATOON, Dec. 19 /CNW/ - George Sanders, President of Wescan Goldfields
Inc. ("Wescan") reports the closing of a non-brokered private placement of
694,444 flow-through shares at a price of $0.72 per flow-through share for
gross proceeds of $500,000. The securities will be subject to a four month
hold period expiring April 17, 2006, in accordance with applicable securities
laws.
A cash finders' fee of 4% of the gross proceeds, totalling $20,000, is
payable.
Wescan is a Canadian based corporation engaged in the acquisition,
exploration and development of mineral properties. Shares of the Company
trade on the TSX Venture Exchange under the symbol "WGF".
"The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release."
