posted on
Nov 23, 2007 11:38AM
Just got this in my e-mail ---- Freewest Resources 1,071,426-FT-share financing
Freewest Resources Canada Inc (C:FWR)
Shares Issued 147,020,180
Last Close 11/23/2007 $0.255
Friday November 23 2007 - Private Placement
The TSX Venture Exchange has accepted for filing the documentation with
respect to a non-brokered private placement, announced on Oct. 31, 2007.
Number of shares: 1,071,426 flow-through common shares
Purchase price: 28 cents per flow-through common share
Warrants: 535,713 warrants to purchase 535,713 common shares
Warrants exercise price: 40 cents per share for a period of 12 months
following the closing of the private placement
Number of hidden placees: three placees
Finder's fee: First Canadian Securities, a division of Limited Market Dealer
Inc., received a finder's fee of 42,857 common shares and 107,143 options to
acquire 107,143 units of the private placement over a 12-month period
following the closing of the private placement at a price of 28 cents per
unit. Each unit consists of one common share and one-half of one common-share
purchase warrant. Each whole warrant may be exercised at a price of 40 cents
over a one-year period following the closing of the private placement.
The company has confirmed the closing of the above-mentioned private
placement.