CALGARY, ALBERTA--(Marketwire - Nov. 30, 2011) - FairWest Energy Corporation (TSX VENTURE:FEC) ("FairWest" or the "Company") announces that subject to regulatory and TSX Venture Exchange ("TSXV") approval, the Company intends to issue by way of private placement up to 30 million Flow-Through Common Shares at $0.07 per share for proceeds of up to $2.1 million. The Company may pay finders fees of up to 10% of the offering to eligible dealers. The funds from this private placement will be used for exploratory drilling and seismic surveys on FairWest properties during 2011 and 2012.
About FairWest Energy
FairWest (TSX VENTURE:FEC) is a Calgary, Alberta based junior oil and gas company engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids in the provinces of Alberta and Saskatchewan.
244,101,363 Common Shares Issued
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.