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NWest Energy Corporation announces private placement financing of $ 200,000
HALIFAX , May 2, 2014 /CNW/ - NWest Energy Corporation ( TSXV: NWN ) is pleased to a...
About this update from Ceylon Graphite Corp.
[{"type":"text","content":"\n\n\nHALIFAX, May 2, 2014 /CNW/ - NWest Energy Corporation (TSXV: NWN) is pleased to announce that it intends to complete a non-brokered\n private placement (\"Private Placement\") of up to 3,333,333 common\n shares at a price of $0.06 per share for aggregate gross proceeds of\n $200,000.\n\n\nFinders will be entitled to a commission in the amount of 6.0% of the\n gross proceeds received from the sale of the shares (\"Finder's Fee\").\n\n\nNet proceeds of the Private Placement will be used for working capital\n and ongoing operations to identify opportunities for the Company.\n\n\nThe Private Placement is scheduled to close on or before May 29, 2014\n and is subject to certain conditions including, but not limited to, the\n receipt of all necessary approvals including the approval and\n acceptance by the TSX Venture Exchange.  All securities to be issued\n pursuant to the private placement will be subject to a four month hold\n period.\n\n\nAbout NWest Energy\n\n\nNWest Energy Corporation 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\nThe TSX Venture Exchange has not reviewed and does not accept\n responsibility for the adequacy or accuracy of this release.\n\n\nForward-Looking Information:\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 management's best judgment based\n on information currently available. The Company does not assume the\n obligation to update any forward-looking statement, except as required\n by applicable law.\n\n\nFor more information on the Company and the risk factors inherent in its\n business, investors sho...