FairWest Energy Corporation
TSX : FEC

FairWest Energy Corporation

July 24, 2009 12:48 ET

FairWest Announces Extension of Private Placement Offering of 20,000,000 Flow Through Common Shares

CALGARY, ALBERTA--(Marketwire - July 24, 2009) - FairWest Energy Corporation (TSX:FEC) ("FairWest") is pleased to announce that it has been granted an extension until August 14, 2009 to sell 20,000,000 flow through common shares at $0.10 per share. To date, FairWest has accepted subscriptions for 7,947,500 flow through common shares for gross proceeds of $794,750. The aggregate proceeds of $2,000,000 will be expended during 2009 and 2010 on exploration projects that are designed to increase production from consolidated FairWest lands.

FairWest (TSX:FEC) is a Calgary, Alberta based junior oil and gas company engaged in the acquisition, exploration, development and production of crude oil and natural gas in the provinces of Alberta and Saskatchewan.

Statements in this release which describe FairWest's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of FairWest to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. FairWest may update or revise any forward-looking statements, whether as a result of new information, future events or changing market and business conditions.

Contact Information

  • FairWest Energy Corporation
    James G. Gettis
    President and Chief Executive Officer
    (403) 264-4949
    (403) 269-1761 (FAX)
    or
    FairWest Energy Corporation
    Marion D. Mackie
    Chief Financial Officer
    (403) 264-4949
    (403) 269-1761 (FAX)