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| Home : FairWest Energy Announces Private Placement Offering |
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Jul 24
2012 |
FairWest Energy Announces Private Placement Offering |
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CALGARY, ALBERTA--(Marketwire - July 23, 2012) - FairWest Energy Corporation ("FairWest" or the "Company") (TSX VENTURE:FEC) announces that subject to regulatory and TSX Venture Exchange ("TSXV") approval, the Company intends to issue by way of private placement up to 40 million Common Shares at $0.05 per share for proceeds of up to $2.0 million. The Company may pay finders fees of up to 10% of the offering to eligible dealers. The funds from this private placement will be used for working capital for drilling, completions, workovers and facilities on the Company's properties, and for general corporate purposes. |
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| Source:http://www.marketwire.com/mw/release.do?id=1682812&sourceType=3 |
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