Post by Franko10 ™ on Dec 19, 2005 18:20:04 GMT -5
Wescan closes flow-thru placement
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."
For further information: please contact: George Sanders, President or Wade MacBain, Corporate Development at (306) 664-2422
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