FairWest Energy Corporation
TSX : FEC

FairWest Energy Corporation

June 16, 2009 14:18 ET

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

CALGARY, ALBERTA--(Marketwire - June 16, 2009) - FairWest Energy Corporation ("FairWest") (TSX:FEC) is pleased to announce that, subject to regulatory approval, it intends to offer up to 20,000,000 flow through common shares at $0.10 per share. The proceeds of up to $2,000,000 will be expended during 2009 on development and exploitation projects to increase production from consolidated FairWest lands.

It is anticipated that the private placement will close on or prior to July 20, 2009.

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)