FairWest Energy Corporation
TSX : FEC

FairWest Energy Corporation

December 29, 2006 17:21 ET

FairWest Energy Corporation Announces Closing of Private Placement

CALGARY, ALBERTA--(CCNMatthews - Dec. 29, 2006) - FairWest Energy Corporation ("FairWest") (TSX:FEC) announce the closing of its offering of flow through common shares. Pursuant to the offering, FairWest accepted subscriptions for 867,725 common shares for proceeds of $564,021.25.

FairWest intends to use the proceeds of this financing to fund a portion of its 2007 exploration program.

FairWest Energy Corporation (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.

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)