John Leder

July 22, 2011 17:22 ET

John Leder: Shareholder Early Warning News Release

EDMONTON, ALBERTA--(Marketwire - July 22, 2011) - John Leder of 10457 – 184 Street, Edmonton, Alberta, T5S 1G1 has acquired ownership of 6,250,000 common shares of FairWest Energy Corporation (the "Issuer") pursuant to the exercise of previously outstanding warrants to purchase common shares at $0.10 per common share. The acquired common shares represent 2.7% of the 231,919,291 common shares of the Issuer currently outstanding.

As a result of the acquisition, Mr. Leder directly owns 40,973,653 common shares of the Issuer and indirectly controls, through Leder Charitable Foundation, 3,762,300 common shares of the Issuer. Together, these common shares represent 19.3% of the outstanding common shares of the Issuer.

Mr. Leder also indirectly controls, through Leder Charitable Foundation, $2,000,000 principal amount of convertible debentures of the Issuer convertible into 13,333,332 common shares of the Issuer. If such debentures were converted, Mr. Leder would own or control 23.7% of the common shares of the Issuer.

Mr. Leder acquired the common shares of the Issuer for investment purposes and may acquire or dispose of common shares as circumstances or market conditions warrant.

A report respecting this transaction will be electronically filed with the Securities Commissions in British Columbia, Alberta, Saskatchewan, Ontario and Quebec and will be available for viewing at www.sedar.com. A copy of the report can be obtained by contacting Vern Fauth, Chief Executive Officer of FairWest Energy Corporation at 403-264-4949.

READER ADVISORY Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • FairWest Energy Corporation
    Vern Fauth
    Chief Executive Officer
    403-264-4949