By Laura Lutz
Columbus, Ohio, March 20 - FairWest Energy Corp. priced a private placement of shares for up to C$5 million.
The company plans to sell up to 10 million flow-through shares at C$0.50 each.
Proceeds will be used for exploration and development during 2007 and 2008.
Settlement is expected by April 30.
FairWest is an oil and natural gas company based in Calgary, Alta.
| Issuer: | FairWest Energy Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$5 million
|
| Shares: | 10 million
|
| Price: | C$0.50
|
| Warrants: | No
|
| Pricing date: | March 20
|
| Stock symbol: | Toronto: FEC
|
| Stock price: | C$0.445 at close March 20
|
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