-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BpjLRFlNH7yBYQAfbAh48xLZYnevcMm418GhBQKGn3dn7/0V5wad4arMXEiMSda1 6a7tkfOYM7DWuLaCmFLtHg== 0001062993-07-001925.txt : 20070518 0001062993-07-001925.hdr.sgml : 20070518 20070518141917 ACCESSION NUMBER: 0001062993-07-001925 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070510 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070518 DATE AS OF CHANGE: 20070518 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESCORP ENERGY INC CENTRAL INDEX KEY: 0001069489 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 980447716 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30095 FILM NUMBER: 07864247 BUSINESS ADDRESS: STREET 1: SUITE 770 STREET 2: 435 - 4TH AVE SW CITY: CALGARY STATE: A0 ZIP: T2P3A8 BUSINESS PHONE: (403) 206-3990 MAIL ADDRESS: STREET 1: SUITE 770 STREET 2: 435 - 4TH AVE SW CITY: CALGARY STATE: A0 ZIP: T2P3A8 FORMER COMPANY: FORMER CONFORMED NAME: CTI DIVERSIFIED HOLDINGS INC DATE OF NAME CHANGE: 20010223 FORMER COMPANY: FORMER CONFORMED NAME: UNIQUE BAGEL CO INC DATE OF NAME CHANGE: 20000317 8-K 1 form8k.htm CURRENT REPORT Filed by Automated Filing Services Inc. (604) 609-0244 - Wescorp Energy Inc.- Form 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 17, 2007 (May 10, 2007)

WESCORP ENERGY INC.
(Exact name of registrant as specified in its charter)

Deleware 000-30095 33-0921967
(State or other jurisdiction of (Commission (IRS Employer
incorporation) File Number) Identification No.)

Suite 770, 435 - 4th Avenue S.W., Calgary, Alberta, Canada T2P 3A8
(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code (780) 482-4200

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[   ]

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

   
[   ]

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

   
[   ]

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

   
[   ]

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Item 7.01 Regulation FD Disclosure.

On May 10, 2007, Wescorp Energy Inc. issued a press release entitled “Wescorp Signs Letter of Intent to Acquire Water Purification Technology”. The press release is attached as Exhibit 99.1 hereto.

In accordance with General Instruction B.2 of Form 8-K, the information in this Section 7.01 and Exhibit 99.1 of this Current Report on Form 8-K shall not be deemed “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing.

Item 9.01 Financial Statements and Exhibits.

Exhibits:  
   
Exhibit No.                                                                                              Document
   
Press Release dated May 10, 2007.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  WESCORP ENERGY INC.
     
     
May 17, 2007 By: /s/ Douglas Biles
    Douglas Biles
    President and Chief Executive Officer

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Exhibit Index

Exhibit No.                                                                                              Document
   
Press Release dated May 10, 2007.

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EX-99.1 2 exhibit99-1.htm PRESS RELEASE DATED MAY 10, 2007 Filed by Automated Filing Services Inc. (604) 609-0244 - Wescorp Energy Inc.- Exhibit 99.1

Exhibit 99.1

WESCORP SIGNS LETTER OF INTENT TO ACQUIRE WATER PURIFICATION
TECHNOLOGY

CALGARY, ALBERTA – (MARKET WIRE) 05.10.2007

Wescorp Energy Inc. (OTCBB: WSCE) is pleased to announce that it has entered into a non-binding Letter of Intent (LOI) with a private Canadian corporation to acquire certain North American technology rights relating to a water purification system. The transaction is subject to due diligence, the usual and customary conditions, and entering into a definitive agreement.

In accordance with the terms of the LOI, Wescorp would purchase the right to manufacture, market, and service the seller’s proprietary water purification system. The system, currently in use in Europe, was created and commercialized using Swiss, German, Italian, and Canadian engineering. The portable facility uses waste heat to flash distill oilfield reclamation water, mining leachates, landfill and factory wastewater, and seawater resulting in potable water and mineable brines. Assuming the completion of the transaction, Wescorp anticipates that it will use the system independently or in conjunction with other water remediation technologies to address the critical water issues facing the oil and gas industry today.

About Wescorp

Wescorp Energy Inc. (www.wescorpenergy.com) is an energy services and engineering company committed to commercializing new technologies intended to increase existing production while also increasing economically recoverable petroleum reserves. Wescorp believes it has the drilling, production, and process optimization expertise to deliver technology solutions to market in a timely, economic and environmentally friendly manner.

Our Flowstar Technologies Inc. division (www.flowstardcr.com) produces advanced natural gas and gas liquids measuring devices based on a patented turbine-based Digital Chart Recorder (DCR) metering system. DCR meters are self-contained, energy-efficient units with integrated flow computers that are more accurate, easy to install and cost-effective than conventional flow-metering systems. They install directly near the wellhead and do not require external power, metering loops, heated shelters or alcohol injectors to protect them from weather condition to -50°C.

Ellycrack AS, a Norwegian corporation with which Wescorp has a binding agreement to enter into a joint-venture (www.ellycrack.com), is in the business of providing permanent heavy oil upgrading preprocessing technology that enables low-cost transport to refineries. In addition to the arrangement for a joint venture, Wescorp also owns an approximate 13% equity interest in Ellycrack AS.

Wescorp shares currently trade on the NASD-OTC Bulletin Board under the symbol "WSCE".

Safe Harbor Statement

This news release contains forward-looking statements that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause the results of Wescorp and its consolidated subsidiaries to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including, without limitation, the statements regarding the completion, implementation, and details of the letter of intent between Wescorp and the seller and any statements of


the plans, strategies, and objectives of management for future operations. The risks, uncertainties and assumptions referred to above include the completion of a definitive binding agreement implementing the matters provided for in the letter of intent; any unforeseen technical difficulties related to the development of the purchased technology; any integration or management issues;; and other risks that are described from time to time in Wescorp’s Annual Report on Form 10-KSB for the year ended December 31, 2006, and other Securities and Exchange Commission reports filed thereafter. Forward-looking statements speak only as of the date the statement was made. Wescorp assumes no obligation and does not intend to update these forward-looking statements.

FOR FURTHER INFORMATION PLEASE CONTACT:

David Jones,
Investor Relations
Wescorp Energy Inc.
Toll Free: 1.877.247.1975
Direct: 1.705.845.0933
Email: djones@wescorpenergy.com


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