Stock Symbol: WGF: TSX-V
SASKATOON, Nov. 26, 2014 /CNW/ - Wescan Goldfields Inc. ("Wescan" or the "Company") is pleased to announce that it has received approval to settle $359,276 of debt with certain service providers by issuing 7,185,524 Common Shares of Wescan at $0.05 per share. The shares are subject to a four month hold period from the date of issuance.
The Company also announces the retirement of Arnie E. Hillier as a Director of the Company effective December 1, 2014. Wescan's management and Board of Directors thank Mr. Hillier for his contributions to the Company and wish him well in his future endeavors.
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".
Caution Regarding Forward-Looking Statements
Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
"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."
SOURCE: Wescan Goldfields Inc.
For further information: Ken MacNeill, Chief Executive Officer or Greg Shyluk, Chief Financial Officer at (306) 664-2202.