Stock Symbol: WGF: TSX-V
SASKATOON, March 22, 2016 /CNW/ - Wescan Goldfields Inc.
("Wescan" or the "Company") announces that it has been reclassified
as a Tier 2 Issuer by the TSX Venture Exchange, effective
March 21, 2016, as a result of the
Company failing to meet the Continued Listing Requirements as
outlined in Exchange Policy 2.5. In accordance with Exchange Policy
2.5, the Company must remain as a Tier 2, for a minimum of six
months prior to the Exchange accepting an application for
graduation to Tier 1.
Wescan is a Canadian based corporation engaged in the
acquisition, exploration and development of mineral properties.
Shares of Wescan trade on the TSX-V under the trading symbol
"WGF".
Caution Regarding Forward-Looking Statements
Certain statements contained in this press release constitute
forward-looking statements. These forward-looking statements are
based on Wescan's current beliefs as well as assumptions made by
and information currently available to Wescan. Although management
considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect. By their
very nature, forward-looking statements involve inherent risks and
uncertainties, both general and specific, and risks exist that
predictions, forecasts, projections and other forward-looking
statements will not be achieved. We caution readers not to place
undue reliance on these statements as a number of important factors
could cause the actual results to differ materially from the
beliefs, plans, objectives, expectations, anticipations, estimates
and intentions expressed in such forward-looking statements. These
factors include, but are not limited to, developments in world gold
markets, changes in exploration plans due to exploration results
and changing budget priorities of Wescan, the effects of
competition in the markets in which Wescan operates, the impact of
changes in the laws and regulations regulating mining exploration
and development, judicial or regulatory judgments and legal
proceedings, operational and infrastructure risks and the
additional risks identified in the management discussion and
analysis section of our interim and most recent annual financial
statement or other reports and filings with the TSX Venture
Exchange and applicable Canadian securities regulation.
"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.