Company sells 33,333,333 shares at C$0.03 apiece in non-brokered deal
By Devika Patel
Knoxville, Tenn., April 11 – New West Energy Services Inc. said it will conduct a C$1 million non-brokered private placement of stock.
The company will sell 33,333,333 common shares at C$0.03 per share, which is a 25% discount to the April 8 closing share price of C$0.04.
Based in Calgary, Alta., New West Energy Services provides engineering services to oil and gas exploration and production companies.
| Issuer: | New West Energy Services Inc.
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| Issue: | Common shares
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| Amount: | C$1 million
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| Shares: | 33,333,333
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| Price: | C$0.03
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| Warrants: | No
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| Agent: | Non-brokered
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| Pricing date: | April 11
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| Stock symbol: | TSX Venture: NWE
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| Stock price: | C$0.04 at close April 8
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| Market capitalization: | C$3.39 million
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