PanWestern Energy Inc.(TSX VENTURE:PW) announced that the company has closed its previously announced private placement of 51,100,000 special warrants at a price of $0.47 per special warrant for aggregate gross proceeds of $24,017,000.
The press release is quoted as saying:
PanWestern Energy Inc. is a Calgary, Alberta based public company engaged in the exploitation, development and production of petroleum and natural gas. The Corporation’s common shares are listed on the TSXV under the trading symbol “PW”.
