New Issue: Freewest Resources wraps C$1.57 million sale of units

By Sheri Kasprzak

New York, Jan. 11 - Freewest Resources Canada Inc. said it has concluded a private placement of units for C$1,576,600.

The company sold 7,883,000 units at C$0.20 each on a non-brokered basis.

The units are comprised of one share and one warrant. The warrants are exercisable at C$0.25 each for two years.

Based in Montreal, Freewest is a gold, diamond and base metals exploration company.

Issuer:	Freewest Resources Canada Inc.
Issue:	Units of one share and one warrant
Amount:	C$1,576,600
Units:	7,883,000
Price:	C$0.20
Warrants:	One warrant per unit
Warrant expiration:	Two years
Warrant strike price:	C$0.25
Placement agent:	Non-brokered
Settlement date:	Jan. 10
Stock price:	C$0.19 at close Jan. 10
Ticker:	TSX Venture: FWR

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