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This information launch is being disseminated as required by Nationwide Instrument 62-103 The Early Warning System and Associated Take-Over Bid and Insider Reporting Points in reference to the acquisition of securities of Wescan Goldfields Inc. (TSXV: WGF,OTC:WEGOF) (“Wescan” or the “Firm”) by Mr. Kenneth E. MacNeill (“Mr. MacNeill” or the “Acquiror”).
As of December 22, 2025, there are 53,684,320 issued and excellent widespread shares of Wescan (“Widespread Shares“). Mr. MacNeill at present has helpful possession and management over an combination of 9,832,711 Widespread Shares because of an acquisition of 1,000,000 Widespread Shares by way of the TSX Enterprise Trade on January 2, 2025. Mr. MacNeill’s present shareholdings signify an combination possession of roughly 18.3% of the excellent and issued Widespread Shares (on a non-diluted foundation).
On November 9, 2015, Mr. MacNeill acquired 5,000,000 Widespread Shares by way of a non-public placement of 17,500,000 Widespread Shares on the providing value per Widespread Share of $0.02 for combination gross proceeds of $100,000 (the “2015 Non-public Placement“).
Instantly following the 2015 Non-public Placement, Mr. MacNeill had helpful possession and management over an combination of 6,532,711 Widespread Shares, representing an combination possession of roughly 17.53% (on a non-diluted foundation) of the whole issued and excellent Widespread Shares as of the date thereof.
On September 6, 2016, Mr. MacNeill acquired 2,300,000 Widespread Shares by way of a non-public placement of 10,000,000 Widespread Shares on the providing value per Widespread Share of $0.05 for combination gross proceeds of $115,000 (the “2016 Non-public Placement“).
Instantly following the 2016 Non-public Placement, Mr. MacNeill had helpful possession and management over an combination of 8,832,711 Widespread Shares, representing an combination possession of roughly 19.86% (on a non-diluted foundation) of the whole issued and excellent Widespread Shares as of the date thereof and an approximate 2% enhance in shareholdings from the date of the 2015 Non-public Placement.
Previous to the 2015 Non-public Placement, Mr. MacNeill had helpful possession and management over 1,532,711 Widespread Shares, representing roughly 7.83% of the whole issued and excellent Widespread Shares as of December 31, 2012.
Mr. MacNeill acquired the securities of the Firm for funding functions and will, relying available on the market and different circumstances, enhance, lower or change his helpful possession and management over the Widespread Shares or different securities of the Firm by way of market transactions, personal agreements, treasury issuances, workouts of convertible securities or in any other case.
This information launch is being issued in accordance with Nationwide Instrument 62-103 – The Early Warning System and Associated Take-Over Bid and Insider Reporting Points in reference to the submitting of an early warning report dated December 22, 2025. The associated early warning report has been filed on SEDAR+ (www.sedarplus.ca) beneath Wescan’s issuer profile.
To acquire a replica of the early warning report filed by Mr. MacNeill, please contact Kenneth E. MacNeill at (306) 244-5480or consult with SEDAR+ (www.sedarplus.ca) beneath Wescan’s issuer profile.
SOURCE Kenneth E. MacNeill
View authentic content material: http://www.newswire.ca/en/releases/archive/December2025/22/c7696.html
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