Westcore Energy Ltd. Announces Closing of $499,950 Equity Financing

SASKATOON, SASKATCHEWAN–(Marketwired – July 21, 2017) – Westcore Energy Ltd. (“Westcore” or the “Company”) (TSX VENTURE:WTR) is pleased to announce that it has completed a non-brokered private placement (the “Private Placement”) for aggregate gross proceeds of $499,950.00. An aggregate of 3,333,000 units have been issued, each at a subscription price of $0.15 per unit, with each unit consisting of one common share of the Company and one common share purchase warrant. Each whole warrant entitles 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. One insider of the Company participated in the Private Placement and acquired 175,000 common shares under the Private Placement. With the participation of an Insider, the financing constitutes a related party transaction under Multilateral Instrument 61-101 – “Protection of Minority Security Holders in Special Transactions“. Exemptions are available from the minority shareholder approval and valuation requirements set forth in the foregoing Multilateral Instrument.

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