FairWest Energy Corporation
TSX : FEC

FairWest Energy Corporation

August 18, 2006 16:09 ET

FairWest Energy Corporation Announces Private Placement for Total Proceeds of up to $3,700,000

CALGARY, ALBERTA--(CCNMatthews - Aug. 18, 2006) - FairWest Energy Corporation (TSX:FEC) ("FairWest") is pleased to announce its intention to offer a private placement offering to raise up to $3,700,000. The details of the offering are:

1) Up to 4,000,000 flow through common shares ("Flow Through Shares") at a price of $0.65 per Flow Through Share, for gross proceeds of up to $2,600,000, and

2) Up to 2,000,000 common shares ("Shares") at a price of $0.55 per Share, for gross proceeds of up to $1,100,000.


It is anticipated that the private placement will close on or prior to September 30, 2006.

FairWest Energy Corporation (Toronto: 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)