By Laura Lutz
Des Moines, Nov. 22 - FairWest Energy Corp. arranged a private placement of shares for up to C$1.495 million.
The company intends to sell 2.3 million flow-through common shares at C$0.65 each.
Proceeds will be used for exploration and development.
Settlement is expected on Dec. 29.
FairWest is a Calgary, Alta.-based oil and gas company.
| Issuer: | FairWest Energy Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$1.495 million
|
| Shares: | 2.3 million
|
| Price: | C$0.65
|
| Warrants: | No
|
| Pricing date: | Nov. 22
|
| Settlement date: | Dec. 29
|
| Stock symbol: | Toronto: FEC
|
| Stock price: | C$0.46 at close Nov. 22
|
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