| NWest Energy Corp. Completes its Private Placement | |
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HALIFAX , July 2, 2014 /CNW/ - NWest Energy Corp. (NWN.V) confirms
that on June 24, 2014 it closed the second and final tranche of its
over-subscribed non-brokered private placement ("Private Placement ")
for aggregate gross proceeds of $282,246.86 . Pursuant to the Private
Placement, the Company issued a total of 4,704,114 Units ("Units") at a
price of $0.06 per Unit, with each Unit consisting of one common share
in the capital of the Company (a "Common Share") and one
non-transferable common share purchase warrant (a "Warrant"). Each
Warrant entitles the holder thereof to acquire one Common Share at a
price of $0.10 per Common Share for a period of 24 months. All
securities issued are subject to a four month and one day hold period.
A finder responsible for the introduction of certain subscribers to the
Private Placement was paid a finder's fee in the amount of 6% of the
gross proceeds received from the sale of Units to such subscribers and
Warrants equal to 6% of the number of Units issued to such subscribers.
Net proceeds will be used for working capital and pursuing new
opportunities.
About NWest Energy Corp.
NWest Energy Corp. is a TSX Venture Exchange listed, Canadian based
resource company focused on exploration, acquisition and advancement of
oil and gas properties.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Information:
This press release includes "forward-looking information" including
statements regarding the Private Placement that are subject to a number
of assumptions, risks and uncertainties, many of which are beyond the
control of the Company. Statements regarding future fund raising and
capital expenditures are subject to all of the risks and uncertainties
normally incident with the raising of capital including, but are not
limited to, financing risks and risk of regulatory change. Investors
are cautioned that any such statements are not guarantees of future
events and that actual events or developments may differ materially
from those projected in the forward-looking information. Such
forward-looking information represents management's best judgment based
on information currently available. The Company does not assume the
obligation to update any forward-looking statement, except as required
by applicable law.
For more information on the Company and the risk factors inherent in its
business, investors should review the Company's Annual Information Form
at www.sedar.com.
SOURCE NWest Energy Corp.
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NWest Energy Inc
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CODE : NWN.V |
ISIN : CA62950D1015 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
NWest Energy est une société d’exploration minière d'or et de cuivre basée au Canada. NWest Energy détient divers projets d'exploration au Canada et au Chili. Ses principaux projets en exploration sont CONDOR ET.AL au Chili et WESTERN NEWFOUNDLAND au Canada. NWest Energy est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 263 900 CA$ (200 115 US$, 178 783 €). La valeur de son action a atteint son plus haut niveau récent le 16 janvier 2009 à 3,00 CA$, et son plus bas niveau récent le 30 décembre 2016 à 0,01 CA$. NWest Energy possède 7 540 000 actions en circulation. |