09:23 AM EDT, 06/18/2026 (MT Newswires) -- Wescan Goldfields ( WEGOF ) raised $110,000 after it closed the third and final tranche of its non-brokered private placement through the issuance of 500,000 units at $0.22 apiece, it said in a statement on Thursday.

That brings gross proceeds in the offering to $2.5 million. A total of 11.4 million units was issued, with each unit consisting of one common share and one half common share purchase warrant. Each whole warrant will entitle the holder to buy a share for $0.35 for a two-year period from the date of issuance, it said.

Proceeds will be used to support its planned 2026 exploration programs and "advance" the next phase of exploration across its "highly prospective" Saskatchewan gold project portfolio, the company said.