Wescorp Energy Inc. Closes $1,600,000 USD Financing.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 it has closed a non brokered financing. The original 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. $1,250,000 was oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. and closed at USD $1,600,000. Proceeds from the financing will be used to increase inventory for the growing demand of FlowStar's DCR DCR Department of Conservation and Recreation DCR Decrease DCR Digital Cable Ready (television) DCR Dark Crisis (Yu-Gi-Oh! cards) DCR Debt Coverage Ratio DCR Dacryocystorhinostomy Series Electronic Flow Measurement Solutions, as well as funding the future growth of the company. Wescorp is now funded to complete their current 2005 business initiatives. 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 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". Wescorp Energy Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :WSCE) |
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