Oct. 1, 2009 (Canada NewsWire Group) --
SASKATOON, Oct. 1 /CNW/ -- Wescan Goldfields Inc. ("Wescan" or the "Company") is pleased to announce that it has entered into a shares-for-debt settlement agreement with a service provider, wherein the Company proposes to issue 502,838 common shares of Wescan at a price of $0.16 per share for a total value of $80,454.08 to settle amounts owed by the Company for services rendered.
The shares-for-debt settlement is subject to regulatory approval by the TSX Venture Exchange and compliance with applicable securities laws.
Wescan is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of Wescan trade on the TSX Venture Exchange under the trading symbol "WGF".
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.