/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
CALGARY, AB, Dec. 14, 2012 /CNW/ - WesCan Energy Corp. (TSX
Venture Exchange: WCE) (the "Corporation" or
"WesCan") announces that, subject to regulatory approval, it
has completed its previously announced non-brokered private
placement offering (the "Offering") of common shares (the
"Common Shares"). WesCan issued an aggregate of 1,076,000
Common Shares at a price of $0.20 per
share for gross proceeds of $215,200. No finder's fees were issued in
connection with the Offering.
The net proceeds of the Offering will be used
for general corporate purposes, including debt reduction and
efforts to accelerate business development activities. The Common
Shares issued under the Offering are subject to a hold period until
April 14, 2013.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILTY FOR THE
ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Reader Advisory
The information in this news release includes
certain information and statements about management's view of
future events, expectations, plans and prospects, including the use
of proceeds from, the Offering, that constitute forward looking
statements.
These statements are based upon assumptions
that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of
factors, the actual results, expectations, achievements or
performance may differ materially from those anticipated and
indicated by these forward looking statements. Although the
Corporation believes that the expectations reflected in
forward-looking statements are reasonable, it can give no
assurances that the expectations of any forward-looking statements
will prove to be correct. The intended use of the proceeds of the
Offering by the Corporation might change if the board of directors
of the Corporation determines that it would be in the best
interests of the Corporation to deploy the proceeds for some other
purpose. The forward looking statements contained in this press
release are made as of the date hereof and the Corporation
undertakes no obligations to update publically or revise any
forward looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws.
This news release shall not constitute an
offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any state
in the United States in which such
offer, solicitation or sale would be unlawful. The securities
referred to herein have not been and will not be registered under
the United States Securities Act of 1933, as amended, and may not
be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements.
SOURCE WesCan Energy Corp.