공시 • Jun 19
Wescan Goldfields Inc. announced that it has received CAD 2.515532 million in funding On June 18, 2026, Wescan Goldfields Inc. closed the transaction. The company issued 500,000 Units at an issue price of CAD 0.22 per Unit for gross proceeds of CAD 110,000 in its third and final tranche. The Company paid no finders fees paid in connection with the final tranche. In aggregate the company issued a total of 11,434,237 Units at a price of CAD 0.22 for total gross proceeds of CAD 2,515,532.14.Aggregate finders' fees in connection with the Offering were paid by the Company in the amount of CAD 125,145 in cash and through the issuance of an aggregate of 568,840 Common Share purchase warrants (the "Finders' Warrants"), each whole Finders' Warrant exercisable for one full Common Share at a price of CAD 0.35 per share for twenty-four months from the date of issuance thereof. Completion of the Offering remains subject to final acceptance of the Exchange. New Risk • Jun 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.8m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-CA$85k). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.8m market cap, or US$9.93m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). New Risk • May 30
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$85k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Negative equity (-CA$85k). Earnings have declined by 29% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (CA$14.5m market cap, or US$10.5m). 공시 • May 01
Wescan Goldfields Inc. announced that it expects to receive CAD 2.5 million in funding Wescan Goldfields Inc. announced a private placement to issue 11,363,636 units at an issue price of CAD 0.22 for the proceeds of CAD 2,499,999.92 on April 30, 2026. Each Unit will consist of one common share in the capital of the Company and one half Common Share purchase warrant of the Company Each whole Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.35 for a period of twenty-four months from the date of issuance thereof. Insiders may participate up to 20% of the Offering. The Offering will be conducted pursuant to available exemptions from the registration and prospectus requirements of applicable securities legislation, including sales through investment dealers, sales to accredited investors and sales to close personal friends and business associates of directors and officers of the Company. The Company intends to solicit subscriptions from subscribers who are not currently shareholders of the Company pursuant to these exemptions. The Company may also pay finders' fees to eligible finders in accordance with applicable securities laws and the policies of the TSX Venture Exchange (the "Exchange"). The finders' fees will consist of cash equal to 6% of the proceeds raised pursuant to the Offering and one whole Common Share purchase warrant of the Company in an amount equal to 6% of the number of Units issued pursuant to the Offering that are attributable to finders. Each whole Finders' Warrant will entitle the holder thereof to purchase one Common Share at a price of CAD 0.35 for a period of twenty-four months from the date of issuance thereof. Closing of the Offering is subject to the receipt of the approval of the Exchange. The Offering is expected to close on or about May 22, 2026, provided that the Offering may close in one or more tranches, but in any event no later than May 29, 2026. 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 Exchange regulations. New Risk • Jan 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (53% average weekly change). Negative equity (-CA$434k). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$11.5m market cap, or US$8.37m). Minor Risk Shareholders have been diluted in the past year (22% increase in shares outstanding). 