FairWest Energy cancels C$5 million private placement of common stock

Offering did not sell any shares; common shares were priced at C$0.05

By Devika Patel

Knoxville, Tenn., Nov. 16 - FairWest Energy Corp. said it cancelled plans for a C$5 million private placement of shares. The deal priced Oct. 1, and the company did not sell any shares.

The company had planned to sell 100 million common shares at C$0.05 per share.

FairWest is an oil and natural gas company based in Calgary, Alta.

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