Mr. Douglas McNichol reports
FAIRWEST ANNOUNCES CEASE TRADE ORDER
FairWest Energy Corp., consistent with its announcement of April 29, 2013, did not file its annual financial statements, and corresponding management discussion and analysis, for the year ended Dec. 31, 2012, 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 suspended trading in the company's securities.
The TSX Venture Exchange has advised the company that failure to meet the continued listing requirements and satisfactorily comply with TSX Venture Exchange requirements will result in transfer of FairWest securities after Aug. 1, 2013, to the NEX, a trading forum for listed companies that have fallen below the TSX Venture Exchange's continuing listing standards.
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