Mr. Vern Fauth reports
JOHN LEDER: SHAREHOLDER EARLY WARNING NEWS RELEASE
658458 Alberta Ltd., a company controlled by John Leder, of 10457 184 St., Edmonton, Alta., T5S 1G1, has acquired ownership of 10 million common shares of FairWest Energy Corp. pursuant to a private placement offering of common shares at five cents per common share. The acquired common shares represent 3.1 per cent of the 319,654,775 common shares of the issuer currently outstanding.
As a result of the acquisition, Mr. Leder directly owns 70,973,653 common shares of the issuer and indirectly controls, through Leder Charitable Foundation, 3,762,300 common shares of the issuer and, through 658458 Alberta Ltd., 35 million common shares of the issuer. Together, these common shares represent 34.3 per cent of the outstanding common shares of the issuer.
Mr. Leder also indirectly controls, through Leder Charitable Foundation, $2-million principal amount of convertible debentures of the issuer, convertible into 13,333,332 common shares of the issuer. If such debentures were converted, Mr. Leder would own or control 38.3 per cent of the common shares of the issuer.
Mr. Leder acquired the common shares of the issuer for investment purposes, and may acquire or dispose of common shares as circumstances or market conditions warrant.
A report respecting this transaction will be electronically filed with the securities commissions in British Columbia, Alberta, Saskatchewan, Ontario and Quebec, and will be available for viewing on SEDAR. A copy of the report can be obtained by contacting Vern Fauth.