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NWN

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Share Name Share Symbol Market Type
TSXV:NWN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

NWest Energy Announces Results of Special Meeting of Shareholders

21/10/2010 7:10pm

Marketwired Canada


NWest Energy Inc. ("NWest" or the "Corporation") (TSX VENTURE:NWN) announces the
results of the shareholder vote at the special meeting (the "Meeting") of
shareholders of the Corporation held on Wednesday, October 20, 2010.


At the Meeting, the consolidation of the common shares of the Corporation on the
basis of one (1) new common share for each ten (10) existing common shares of
the Corporation and the change of the name of the Corporation from "NWest Energy
Inc." to "NWest Energy Corp." were approved by shareholders of the Corporation.


The proposed consolidation and name change are subject to TSX Venture Exchange
(the "Exchange") approval. The Corporation currently has 94,741,924 common
shares issued and outstanding and will have 9,474,195 shares issued and
outstanding upon the completion of the consolidation and the approval by the
Exchange. Following the approval of the Exchange, the Corporation will be issued
a new trading symbol.


About NWest Energy

NWest Energy is a Canadian junior oil and gas company exploring off the west
coast of Newfoundland and Labrador. NWest holds approximately 1.6 million acres
of prospective frontier property in the Anticosti basin in a geologically
favourable environment for exploration. Further information regarding the
Corporation and its exploration licences is available at www.nwestenergy.com.


The statements made in this News Release may contain certain forward-looking
statements. Actual events or results may differ from the Corporation's
expectations. Certain risk factors may also affect the actual results achieved
by the Corporation.


There can be no assurance that forward-looking information will prove to be
accurate. Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary
materially from any conclusions, forecasts or projections described in the
forward-looking information. Accordingly, readers are advised not to place undue
reliance on forward-looking information. Except as required under applicable
securities legislation, the Corporation undertakes no obligation to publicly
update or revise forward-looking information, whether as a result of new
information, future events or otherwise.


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