Westcore Energy Ltd.

December 19, 2008 12:51 ET

Westcore Announces $600,000 Flow-Through Share Offering

CALGARY, ALBERTA--(Marketwire - Dec. 19, 2008) - WESTCORE ENERGY LTD. (the "Corporation" or "Westcore") (TSX VENTURE:WTR.P), a capital pool company, is pleased to announce the offering of up to 1.5 million common shares at price of $0.40 per share, to be issued as flow-through shares for gross proceeds of up to $600,000. It is expected that Insiders or affiliates of Insiders will subscribe for greater than 75% of the Offering. Hold periods will apply in accordance with applicable securities laws and shares acquired by Non-Arm's Length Parties will be subject to escrow. Closing is expected to occur prior to December 31, 2008. This Offering is subject to the approval of the TSX Venture Exchange.

Forward Looking Statements

Except for statements of historical fact relating to the Corporation, certain information contained herein may constitute forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Except as required by applicable securities requirements, the Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Westcore Energy Ltd.
    Paul Conroy, President, Chief Executive Officer,
    Chief Financial Officer and Corporate Secretary
    (403) 697-4005
    (403) 263-0271 (FAX)