NWest Energy Corp. Completes its Private Placement

About this update from Ceylon Graphite Corp.

[{"type":"text","content":"\n\n\nHALIFAX, July 2, 2014 /CNW/ - NWest Energy Corp. (TSXV: NWN ) confirms\n that on June 24, 2014 it closed the second and final tranche of its\n over-subscribed non-brokered private placement (\"Private Placement \")\n for aggregate gross proceeds of $282,246.86. Pursuant to the Private\n Placement, the Company issued a total of 4,704,114 Units (\"Units\") at a\n price of $0.06 per Unit, with each Unit consisting of one common share\n in the capital of the Company (a \"Common Share\") and one\n non-transferable common share purchase warrant (a \"Warrant\"). Each\n Warrant entitles the holder thereof to acquire one Common Share at a\n price of $0.10 per Common Share for a period of 24 months. All\n securities issued are subject to a four month and one day hold period.\n\n\nA finder responsible for the introduction of certain subscribers to the\n Private Placement was paid a finder's fee in the amount of 6% of the\n gross proceeds received from the sale of Units to such subscribers and\n Warrants equal to 6% of the number of Units issued to such subscribers.\n\n\nNet proceeds will be used for working capital and pursuing new\n opportunities.\n\n\nAbout NWest Energy Corp.\n\n\nNWest Energy Corp. is a TSX Venture Exchange listed, Canadian based\n resource company focused on exploration, acquisition and advancement of\n oil and gas properties.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in policies of the TSX Venture Exchange) accepts\n responsibility for the adequacy or accuracy of this release.\n\n\nForward-Looking Information:\n\n\nThis press release includes \"forward-looking information\" including\n statements regarding the Private Placement that are subject to a number\n of assumptions, risks and uncertainties, many of which are beyond the\n control of the Company. Statements regarding future fund raising and\n capital expenditures are subject to all of the risks and uncertainties\n normally incident with the raising of capital including, but are not\n limited to, financing risks and risk of regulatory change. Investors\n are cautioned that any such statements are not guarantees of future\n events and that actual events or developments may differ materially\n from those projected in the forward-looking information. Such\n forward-looking information represents managemen...

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