SASKATOON, SK — December 15, 2025 — Leads & Copy —
Wescan Goldfields Inc. (TSXV: WGF) is increasing its previously announced private placement from up to 10,000,000 units to up to 12,000,000 units due to investor demand.
The aggregate gross proceeds from the Unit component of the Offering are increasing from up to $500,000 to up to $600,000. There is no minimum Offering size.
Each Unit consists of one common share and one Common Share purchase warrant. Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.10 for a period of twenty-four months from the date of issuance.
Closing of the Offering is subject to the receipt of the approval of the Exchange and is expected to close on or about December 19, 2025, but no later than December 30, 2025.
Proceeds from the Offering will be used to update the Mineral Resource Estimate on Jojay, review technical information on the historic Jasper mine and the Munro Lake project, and for general working capital purposes.
All securities issued pursuant to the Offering are subject to a statutory hold period of four months and one day in accordance with applicable securities legislation and TSX Venture Exchange regulations.
This press release does 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 such offer, sale or solicitation would be unlawful.
Wescan is engaged in the acquisition, exploration and development of mineral properties. Shares of Wescan trade on the Exchange under the trading symbol “WGF”.
Source: Wescan Goldfields Inc.
