From December 22, 2025there are 53,684,320 issued and outstanding ordinary shares of Wescan (“Common shares“). Mr. MacNeill currently has beneficial ownership and control of an aggregate of 9,832,711 common shares as a result of an acquisition of 1,000,000 common shares through the TSX Venture Exchange on January 2, 2025. Mr. MacNeill’s current share ownership represents a total ownership of approximately 18.3% of the outstanding and issued common shares (on a non-diluted basis).
On November 9, 2015Mr. MacNeill acquired 5,000,000 ordinary shares through a private placement of 17,500,000 ordinary shares at the offer price per ordinary share of $0.02 for a total gross proceeds of $100,000 (the “Private placement 2015“).
Immediately following the 2015 Private Placement, Mr. MacNeill had beneficial ownership and control of an aggregate of 6,532,711 Ordinary Shares, representing aggregate ownership of approximately 17.53% (on a non-diluted basis) of the total number of issued and outstanding Ordinary Shares as of the date thereof.
On September 6, 2016Mr. MacNeill acquired 2,300,000 ordinary shares through a private placement of 10,000,000 ordinary shares at the offer price per ordinary share of $0.05 for a total gross proceeds of $115,000 (the “Private placement 2016“).
Immediately following the 2016 Private Placement, Mr. MacNeill had beneficial ownership and control of an aggregate of 8,832,711 Common Shares, representing aggregate ownership of approximately 19.86% (on a non-diluted basis) of the total number of issued and outstanding Common Shares as of the date thereof, and an increase of approximately 2% in share ownership as of the date of the 2015 Private Placement.
Prior to the 2015 Private Placement, Mr. MacNeill beneficially owned and controlled 1,532,711 Ordinary Shares, representing approximately 7.83% of the total number of issued and outstanding Ordinary Shares at that time. December 31, 2012.
Mr. MacNeill acquired the Company’s securities for investment purposes and, depending on market and other conditions, may increase, decrease or change his beneficial ownership and control of the Company’s Common Shares or other securities through market transactions, private treaties, issuances of government bonds, exercises of convertible securities or otherwise.
This press release is issued in accordance with National Instrument 62-103 – The early warning system and associated issues with takeover bids and insider reporting dated in connection with the submission of an early warning report December 22, 2025. The associated early warning report has been filed on SEDAR+ (www.sedarplus.ca) under Wescan’s issuer profile.
For a copy of the early warning report submitted by Mr MacNeill, please contact Kenneth E. MacNeill at (306) 244-5480or consult SEDAR+ (www.sedarplus.ca) under Wescan’s issuer profile.
SOURCE Kenneth E. MacNeill
View original content: http://www.newswire.ca/en/releases/archive/December2025/22/c7696.html
#EARLY #WARNING #REPORT #SUBMITTED #ACCORDANCE #NATIONAL #INSTRUMENT