Wescorp Energy Inc. Announces $2,000,000 Debt Conversion.EDMONTON, Alberta -- Wescorp Energy Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :WSCE WSCE Weapon System Computing Environment WSCE Weapon Server Common Environment ) ("Wescorp" or the "Company") is pleased to announce that AHC AHC Appalachian Hardwood Center AHC American Heritage Center (University of Wyoming, Laramie, WY) AHC American Horse Council AHC Association for History and Computing AHC Australian Heritage Commission AHC Assault Helicopter Company Holdings Inc. ("AHC") has converted its $2,000,000 CAN loan. AHC has converted its $2,000,000 CAN loan into Wescorp restricted common shares at $1.08 CAN per share. The conversion of the AHC loan represents a vote of confidence in the strategic direction being implemented by Wescorp. "The conversion of the AHC loan and the closing of the $1,600,000 USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. financing have now positioned Wescorp to complete their current 2005 business initiatives, and aggressively pursue new Acquisitions," comments President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Douglas Biles. About Wescorp Wescorp is situated in the Calgary - Edmonton corridor near the geographic centre of North America's oil and gas reserves, sharing the same language and work ethic work ethic n. A set of values based on the moral virtues of hard work and diligence. work ethic Noun a belief in the moral value of work as the continent's other dominant energy capitals - Houston, Dallas and Denver. Strongly networked within this culture and a major shareholder of energy holdings itself, Wescorp has the long-established relationships and financial resources necessary to bring new energy solutions to market. Wescorp initiates testing and development with major energy players to establish industry acceptance, and then provides the sales, service and distribution infrastructure necessary to market these innovations globally and profitably. Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, and involve risks and uncertainties. Potential factors could cause actual results to differ materially from those expressed or implied by such statements. Information on the potential factors that could affect the Company's actual results of operations are included in its filings with the Securities and Exchange Commission. These risks may be further discussed in periodic reports and registration statements to be filed by the Company from time to time with the Securities and Exchange Commission in the future. The Company's shares trade on the OTCBB under the symbol "WSCE". |
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