CALGARY, ALBERTA--(Marketwired - May 6, 2013) - FairWest Energy Corporation (TSX VENTURE:FEC) ("FairWest" or the "Company") announces that, consistent with its announcement of April 29, 2013, FairWest did not file its annual financial statements and corresponding management discussion and analysis for the year ended December 31, 2012 (the "Annual Financials") under applicable securities laws.
As a result of the filing defaults, a cease trade order was issued by the Alberta Securities Commission and on May 3, 2013, the TSX Venture Exchange ("TSXV") suspended trading in the Company's securities.
TSXV has advised the Company that failure to meet the continued listing requirements and satisfactorily comply with TSXV requirements will result in transfer of FairWest securities after August 1, 2013 to NEX, a trading forum for listed companies that have fallen below TSXV's ongoing listing standards.
For more information, interested parties can visit the monitor's website at www.pwc.com/car-fec.
About FairWest Energy
FairWest (TSX VENTURE:FEC) is a Calgary, Alberta based junior oil and gas company engaged in the acquisition, exploration, development and production of crude oil, natural gas and natural gas liquids in the provinces of Alberta and Saskatchewan.
319,654,775 Common Shares Issued
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Contact Information:
FairWest Energy Corporation
Douglas O. McNichol
President and Chief Operating Officer
(403) 264-4949
(403) 269-1761 (FAX)
dmcnichol@fairwestenergy.com
FairWest Energy Corporation
Marion D. Mackie
Chief Financial Officer
(403) 264-4949
(403) 269-1761 (FAX)
mmackie@fairwestenergy.com
