SASKATOON, SASKATCHEWAN--(Marketwired - Apr 13, 2017) - Westcore Energy Ltd. ("Westcore" or the "Company") (TSX VENTURE:WTR) announces that it is expanding its previously announced non-brokered private placement (the "Placement") from the previously announced maximum of 3,333,333 units at a subscription price of $0.15 for gross proceeds of $500,000, to a maximum of 4,000,000 units for maximum gross proceeds of $600,000. Each unit shall consist of one common share of the Company and one common share purchase warrant, with each warrant entitling the holder thereof to acquire one common share at a price of $0.25 per common share for a period of 24 months from the date of issuance.
Certain directors, officers or other insiders of the Company may participate in the Private Placement and, collectively, their participation may exceed 25% of the total amount of the financing.
Additionally, the Company announces that it intends to extend the closing of the Placement.
The proceeds from the Private Placement will be used to continue advancing the Company's oil and gas assets. All securities issued will be subject to a standard four month hold period.
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