공지 • 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). 공지 • Jan 01
Wescan Goldfields Inc. announced that it has received CAD 0.6 million in funding On December 31, 2025. Wescan Goldfields Inc. announced that it has closed the transaction. It has issued 12,000,000 Units at a price of 0.05 per unit for gross proceeds of CAD 600,000. In connection with the Offering, the Company paid certain finders' fees in an aggregate amount of CAD 31,800, in cash, and issued an aggregate of 636,000 Common Share purchase warrants to certain eligible finders in accordance with the policies of the TSX Venture Exchange. 공지 • Dec 02
Wescan Goldfields Inc. announced that it expects to receive CAD 0.5 million in funding Wescan Goldfields Inc. announced a private placement of up to 10,000,000 units at a price of CAD 0.05 per Unit, for aggregate gross proceeds of up to CAD 500,000 on December 1, 2025. Each Unit will consist of one common share and one Common Share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of CAD 0.10 for a period of twenty-four months from the date of issuance thereof. 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 of 6% of the proceeds raised under the Offering and Warrants (the "Finder Warrants") in an amount equal to 6% of the number of Units issued pursuant to the Offering that are attributable to finders. Each Finder Warrant will entitle the holder thereof to purchase one Common Share at a price of CAD 0.10 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 December 20, 2025, provided that the Offering may close in one or more tranches, but in any event no later than December 30, 2025. 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. Board Change • Sep 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Director Val Michasiw was the last director to join the board, commencing their role in 2005. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.