Business
WESCAN GOLDFIELDS INC. COMPLETES THIRD AND FINAL TRANCHE OF PRIVATE PLACEMENT
Wescan Goldfields Inc. (TSXV: WGF) ("Wescan" or the "Company") is pleased to announce that it has closed the third and final tranche of its previously announced non-brokered private placement of units of the Company (the "Units") at a price of $0.22 per Unit, for gross proceeds of $110,000 through the issuance of 500,000 Units (the "Offering"), which was initially announced on April 30, 2026 and subsequently upsized and extended on June 15, 2026. The Company paid no finders fees paid in connecti
About this update from Wescan Goldfields Inc.
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/ SASKATOON, SK, June 18, 2026 /CNW/ - Wescan Goldfields Inc. (TSXV: WGF) ("Wescan" or the "Company") is pleased to announce that it has closed the third and final tranche of its previously announced non-brokered private placement of units of the Company (the "Units") at a price of $0.22 per Unit, for gross proceeds of $110,000 through the issuance of 500,000 Units (the "Offering"), which was initially announced on April 30, 2026 and subsequently upsized and extended on June 15, 2026. The Company paid no finders fees paid in connection with the final tranche. In aggregate, the Offering comprised gross proceeds of $2,515,532 through the issuance of 11,434,237 Units. Each Unit consists of one common share in the capital of the Company (each, a "Common Share") and one half Common Share purchase warrant of the Company (each, a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.35 for a period of twenty-four months from the date of issuance thereof. Aggregate finders' fees in connection with the Offering were paid by the Company in the amount of $125,145 in cash and through the issuance of an aggregate of 568,840 Common Share purchase warrants (the "Finders' Warrants"), each whole Finders' Warrant exercisable for one full Common Share at a price of $0.35 per share for twenty-four months from the date of issuance thereof. All securities issued pursuant to the Offering are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities legislation and the policies of the TSX Venture Exchange (the "Exchange"). Completion of the Offering remains subject to final acceptance of the Exchange. The Company intends to use the proceeds from the Offering to support its planned 2026 exploration programs and advance the next phase of exploration across its highly prospective Saskatchewan gold project portfolio. 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. The offer and sale of the securities offered in...
View stock analysis, news, and events for Wescan Goldfields Inc.