WCE - Wescan Energy Corp. Message Board

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Gold/Mining/Energy : WCE - Wescan Energy Corp.

WCE.V 0.0800

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Oct 31 9:30 AM EST

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From: JRod77	11/2/2021 8:37:19 AM
	of 17

Wescan to settle $98,930 debt with 988,300 shares2021-11-01 14:58 ET - News Release Mr. Greg Busby reports WESCAN ENERGY ENTERS INTO DEBT SETTLEMENT AGREEMENTS Wescan Energy Corp. has entered into debt settlement agreements to settle payables with various trade creditors through the issuance of an aggregate of 988,300 common shares in the capital of the company at a deemed price of 10 cents per share, which will reduce the company's accounts payable and net debt by $98,830. The common shares issued under this transaction will be subject to a four-month hold period from the date of issuance in accordance with applicable securities laws. The transactions contemplated under the debt settlement agreements are subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including that of the TSX Venture Exchange. The company further advises of a correction to the amount stock options granted in a previous news release dated Sept. 29, 2021. The total amount of stock options approved for issuance should have read 2.75 million common shares as opposed to 2.8 million stock options made available to purchase. We seek Safe Harbor.

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