By Devika Patel
Knoxville, Tenn., Aug. 27 - FairWest Energy Corp. said it took in C$1.53 million in a private placement of flow-through shares.
The company sold 7.65 million flow-through shares at C$0.20 per share.
Proceeds will be used for exploration.
FairWest is an oil and natural gas company based in Calgary, Alta.
| Issuer: | FairWest Energy Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$1.53 million
|
| Shares: | 7.65 million
|
| Price: | C$0.20
|
| Warrants: | No
|
| Settlement date: | Aug. 27
|
| Stock symbol: | Toronto: FEC
|
| Stock price: | C$0.16 at close Aug. 27
|
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