Wescan Goldfields Jojay Property NI 43-101
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Tuesday, March 16, 2010
Jojay Property NI 43-101 technical report filed on SEDAR
SASKATOON, SK, Mar 16, 2010 (Canada NewsWire via COMTEX) ----Stock Symbol: WGF: TSX-V
Wescan Goldfields Inc. ("Wescan" or the "Company") is pleased to announce that the NI 43-101 Technical Report that documents the Mineral Resource Estimate on the Jojay Property has been filed on SEDAR (www.sedar.com). This Technical Report has also been posted on the Wescan website www.wgfinc.com.
Vice President of Exploration, Kirsten Y. Marcia, Professional Geoscientist in the Province of Saskatchewan, is Wescan's Qualified Person responsible for the verification and quality assurance of analytical results. Wescan is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of Wescan trade on the TSX Ventue Exchange under the trading symbol "WGF".
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
SOURCE: Wescan Goldfields Inc.
Kirsten Marcia, Vice President of Exploration or Darren Anderson, President at (306)
664-2422
9:00 AM ET, August 12, 2009
SASKATOON, Aug. 12, 2009 (Canada NewsWire via COMTEX) -- Stock Symbol: WGF: TSX-V
Wescan Goldfields Inc. ("Wescan" or the "Company") is pleased to announce that drilling has commenced on the Company's Hudson Bay, Saskatchewan coal exploration project. Drilling locations have been targeted using Fugro Airborne Surveys ("Fugro") specialized geophysical processing and interpretation on GEOTEM Electromagnetic Magnetic data. This data will enable Wescan to identify all potential coal bearing sub-basins on all of the Company's coal permits.
Wescan will initially explore a large block of coal permits, approximately 86 kilometres wide lying north of the Pasquia Hills in an area where potential depth to coal may be shallow. Within this northern block, Fugro has identified a number of priority geophysical anomalies that may be related to laterally extensive coal deposits. These geophysical anomalies are interpreted to be very large, some in excess of 15 kilometres in diameter. Wescan will also explore for coal on two of its southern coal permit blocks, which lie south of the massive coal discovery by Goldsource Mines Inc. These southern blocks have also been identified by Fugro to potentially host numerous coal bearing sub-basins. The first phase of drilling will be extensive and will utilize helicopter support to maximize efficiency and reduce the impact to the environment.
Vice President of Exploration, Kirsten Marcia, Professional Geoscientist in the Province of Saskatchewan, is Wescan's Qualified Person responsible for the design and execution of the program.
Wescan is a Canadian based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of Wescan trade on the TSX Venture Exchange under the trading symbol "WGF".
As at November 24, 2009, the Company has $1.8 million in cash and cash equivalents that will be used to fund drill programs on the coal exploration properties as well as continue exploration programs on the Jojay, Fork Lake, Hanson Lake and Munro properties. In addition, the Company will continue to evaluate the potential for acquisition of more mineral properties in Canada and internationally. Management has determined that the Company will continue to require additional financing and believes it will have sufficient access to financial markets to continue its planned activities.
Wednesday, 10 Mar 2010 05:30pm EST
Kenneth E. MacNeill, Chairman and Chief Executive Officer of Wescan Goldfields Inc. announced the appointment of Mr. Harvey Bay as Chief Financial Officer of the Company. - - - - - (repeated)
Wescan Goldfields Inc. To Issue Shares
Thursday, 1 Oct 2009 05:00pm EDT
Wescan Goldfields Inc. announced that it has entered into a shares-for-debt settlement agreement with a service provider, wherein the Company proposes to issue 502,838 common shares of Wescan at a price of CAD0.16 per share for a total value of CAD80,454.08 to settle amounts owed by the Company for services rendered. - - - - - (repeated)
Wescan Goldfields Inc. Completes Private Placement For $313,470
Friday, 4 Sep 2009 04:59pm EDT
Wescan Goldfields Inc. announced that it has closed a private placement financing consisting of an aggregate of 1,741,499 units of the Corporation (Units) at a price of $0.18 per Unit, for gross proceeds of $313,469.82 (collectively, the Offering). Each Unit consists of one Common Share issued on a non flow-through basis, and one half of one Common Share purchase warrant (each a Unit Warrant). Each whole Unit Warrant entitles the holder thereof to purchase one Common Share on a non flow-through basis at a price of $0.35 for a period of 12 months from the date of issuance. Insiders of the Corporation purchased $53,399 of Units. The Corporation will pay certain finders (each a Finder) cash fees equal to 7% of the gross proceeds raised by such Finder pursuant to the Offering, and will issue such Finder Warrants equal to 7% of the number of Units and FT Shares attributable to such Finder pursuant to the Offering (Finder's Warrants). Each Finder's Warrant will entitle the holder to acquire one Common Share on a non flow-through basis at an exercise price of $0.30 per Common Share for a period of 12 months from the date of issuance. No such fees are payable on securities purchased by insiders of the Corporation. Proceeds raised will be applied to fund exploration of the Corporation's new coal project near Hudson Bay, Saskatchewan as well as other corporate portfolio projects and general corporate purposes.
Wescan Goldfields Inc. Commences Drilling Hudson Bay Coal Properties
Wednesday, 12 Aug 2009 09:01am EDT
Wescan Goldfields Inc. announced that drilling has commenced on the Company's Hudson Bay, Saskatchewan coal exploration project. Drilling locations have been targeted using Fugro Airborne Surveys (Fugro) specialized geophysical processing and interpretation on GEOTEM Electromagnetic Magnetic data. This data will enable the Company to identify all potential coal bearing sub-basins on all of the Company's coal permits. - - - - - (repeated)
Wescan Goldfields Inc. Completes Private Placement For $604,950
Wednesday, 29 Jul 2009 06:47pm EDT
Wescan Goldfields Inc. announced that it has closed a private placement financing consisting of an aggregate of 2,749,756 common shares in the capital of the Company (common shares) issued on a flow-through basis pursuant to the Income Tax Act (Canada) (each a FT Share) at a price of $0.22 per FT Share for aggregate proceeds of $604,950.00 (the offering). The Company will pay certain finders (each a Finder) cash fees equal to 7% of the gross proceeds raised by such Finder of the offering and the Company will issue warrants (Finder's Warrants) equal to 7% of the number of FT Shares attributable to such Finder. Each Finder's Warrant will entitle the holder to acquire one common share on a non flow-through basis at an exercise price of $0.30 per common share for a period of 12 months from the date of issuance. All securities issued pursuant to the offering, including the Finder Warrants, are subject to a four month hold period in accordance with applicable securities laws and exchange regulations. Proceeds raised will be applied to fund exploration of the Company's coal project near Hudson Bay, Saskatchewan as well as other corporate portfolio projects. - - - - - (repeated)
Wescan Goldfields Inc. Appoints Darren Anderson As Interim President
Friday, 27 Feb 2009 09:56am EST
Wescan Goldfields Inc. announced the appointment of Darren Anderson, as Interim President of the Company. - - - - - (repeated)
Wescan Goldfields Inc. Announces Close Of Private Placement
Monday, 24 Nov 2008 07:00am EST
Wescan Goldfields Inc. announced that on November 21, 2008 it has closed a private placement financing consisting of an aggregate of 2,200,000 common shares in the capital of the Corporation (Common Shares) issued on a flow through basis pursuant to the Income Tax Act (Canada) (each a FT Share) at a price of $0.23 per FT Share and 366,264 units of the Corporation (Units) at a price of $0.20 per Unit, for aggregate gross proceeds of $579,252.80 (collectively, the Offering). Each Unit consists of one Common Share issued on a non flow through basis, and one half of one Common Share purchase warrant (each a Unit Warrant). Each whole Unit Warrant entitles the holder thereof to purchase one Common Share on a non flow through basis at a price of $0.35 for a period of 12 months from the date of issuance. All securities issued pursuant to the Offering and the Finder's fees are subject to a four month hold period in accordance with applicable securities laws and exchange regulations. Proceeds realized from the Offering will be applied to fund exploration of the Corporation's new coal project near Hudson Bay, Saskatchewan as well as other corporate portfolio projects and general corporate purposes. - - - - - (repeated)
Wescan Goldfields Inc. Completes Private Placement For $561,200
Monday, 27 Oct 2008 07:17pm EDT
Wescan Goldfields Inc. announced that it has closed a private placement financing consisting of an aggregate of 2,440,000 common shares in the capital of the Company issued on a flow-through basis pursuant to the Income Tax Act (Canada) at a price of $0.23 per FT Share for aggregate proceeds of $561,200.00. Insiders of the Company purchased an aggregate of $50,600.00 of FT Shares. All securities issued pursuant to the Offering are subject to a four month hold period in accordance with applicable securities laws and exchange regulations. Proceeds raised will be applied to fund exploration of the Company's new coal project near Hudson Bay, Saskatchewan as well as other corporate portfolio projects. - - - - - (repeated)
Wescan Goldfields Inc. Completes Private Placements
Monday, 20 Oct 2008 07:22pm EDT
Wescan Goldfields Inc. announced that it has closed two tranches of a private placement financing consisting of an aggregate of 1,859,666 common shares in the capital of the Corporation ("Common Shares") issued on a flow-through basis at a price of $0.30 per FT Share and 1,641,481 units of the Corporation ("Units") at a price of $0.27 per Unit, for aggregate gross proceeds of $1,001,099.67 (collectively, the "Offering"). Each Unit consists of one Common Share issued on a non flow-through basis, and one half of one Common Share purchase warrant (each a "Unit Warrant"). Each whole Unit Warrant entitles the holder thereof to purchase one Common Share on a non flow-through basis at a price of $0.35 for a period of 12 months from the date of issuance. Insiders of the Corporation purchased an aggregate of $400,000 of Units and $149,500 of FT Shares. Proceeds raised will be applied to fund exploration of the Corporation's new coal project near Hudson Bay, Saskatchewan as well as other corporate portfolio projects and general corporate purposes. - - - - - (repeated)
Wescan Goldfields Inc. and Alto Ventures Ltd. Joint Venture Approves $300,000 Summer Exploration Program At Mud Lake, Beardmore-Geraldton Gold Belt
Wednesday, 25 Jun 2008 09:00am EDT
Wescan Goldfields Inc. announced that a $300,000 exploration program and budget have been approved by joint venture partners Wescan and Alto Ventures Ltd. (Alto) for the Mud Lake property in the Beardmore-Geraldton Gold Belt. The program includes airborne high resolution magnetometer and XDS/VLF electromagnetic surveys as well as surface work consisting of prospecting, mechanical stripping and sampling. The geophysical work was completed with the survey report pending. The surface work will commence in early July, followed by diamond drilling scheduled to start in late September. - - - - - (repeated)
Wescan Goldfields Inc. Appoints Stoeterau As President
Friday, 14 Mar 2008 09:00am EDT
Wescan Goldfields Inc. announced the appointment of Judy Stoeterau, P.Geo. as President of the Company. Judy Stoeterau replaced Maurice (Moe) Lindsay, former President. - - - - - (repeated)
Alto Ventures Ltd. Announces Diamond Drilling On The Alto-Wescan Goldfield Inc
Thursday, 22 Nov 2007 09:00am EST
Wescan Goldfield Inc: Alto Ventures Ltd. announced that diamond drilling has commenced on the Alto-Wescan Goldfield Inc. Mud Lake Project in the Beardmore-Geraldton Gold Belt. The planned drill program consists of 18 to 20 holes and will test targets along the Mud Lake Shear Zone. - - - - - (repeated)
Wescan Goldfields Inc. Commences Drilling Programs On Fork Lake And Jojay Projects
Thursday, 4 Oct 2007 09:30am EDT
Wescan Goldfields Inc. announced the commencement of drilling programs on its 100% owned Jojay and Fork Lake Projects in Northern Saskatchewan's Greenstone Belt. Both projects are approximately 135 road kilometers north of La Ronge Saskatchewan. Wescan has awarded contracts to carry out drill programs valued at approximately $900,000 for these two projects with possible extensions to the contract based on the results of the initial phases of the drilling programs. - - - - - (repeated)
Wescan Goldfields Inc. And Alto Ventures Ltd. Finalizes Drill Contract For Mud Lake Project
Thursday, 4 Oct 2007 09:30am EDT
Wescan Goldfields Inc. and Alto Ventures Ltd. (Alto) are announced that a contract has been executed for diamond drilling on the Wescan-Alto Mud Lake Project in the Beardmore-Geraldton Gold Belt. The drill contract stipulates a minimum of 1,200 m of drilling in 18 to 20 holes and the drilling is scheduled to start in November. - - - - - (repeated)
Wescan Goldfields Inc. Appoints New Chief Financial Officer
Wednesday, 29 Aug 2007 08:39pm EDT
Wescan Goldfields Inc. announced the appointment of Mr. Todd M. Grychowski, MPAcc as Acting Chief Financial Officer of the Company. Mr. Grychowski has been acting in this capacity since August 1, 2007 with the departure of Mr. Lorne Green. - - - - - (repeated)