CALGARY, ALBERTA--(CCNMatthews - Nov. 22, 2006) - FairWest Energy Corporation (TSX:FEC) ("FairWest") is pleased to announce its intention to offer up to 2,300,000 flow through common shares at $0.65 per flow through common share. The proceeds of up to $1,495,000 will be expended on FairWest's exploration and development program during 2007.
It is anticipated that the private placement will close on or prior to December 29, 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
FairWest Energy Corporation
James G. Gettis
President and Chief Executive Officer
(403) 264-4949
FairWest Energy Corporation
Marion D. Mackie
Chief Financial Officer
(403) 264-4949
(403) 269-1761 (FAX)
