WESCAN GOLDFIELDS INC. ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT AND UPSIZING

/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/

SASKATOON, SK, Sept. 29, 2023 /CNW/ - Wescan Goldfields Inc. (TSXV:WGF.VN) ("Wescan" or the "Company") is pleased to announce that it has closed the first tranche (the "First Tranche") of its private placement of flow-through common shares in the capital of the Company (the "Flow-Through Shares") and units of the Company (the "Units"), which was previously announced on September 1, 2023 (the "Offering"). In addition, Wescan is pleased to announce that, due to investor demand, Wescan is increasing the number of Units offered pursuant to the Offering from up to 2,000,000 to up to 4,000,000, with the aggregate gross proceeds from the Unit component of the Offering increasing from up to $100,000 to up to $200,000.