Published on 12/13/2007 in the Prospect News PIPE Daily.
New Issue: FairWest settles private placement of stock, raising C$1.46 million
By Devika Patel
Knoxville, Tenn., Dec. 13 - FairWest Energy Corp. said it took in C$1,462,500 in a private placement of flow-through shares. The deal priced on Dec. 5.
The company sold 6.5 million flow-through shares at C$0.225 apiece.
Proceeds will be used for working capital requirements.
FairWest is an oil and natural gas company based in Calgary, Alta.
| Issuer: | FairWest Energy Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$1,462,500
|
| Shares: | 6.5 million
|
| Price: | C$0.225
|
| Warrants: | No
|
| Pricing date: | Dec. 5
|
| Settlement date: | Dec. 13
|
| Stock symbol; | Toronto: FEC
|
| Stock price: | C$0.15 at close Dec. 5
|
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