-NWest Energy Corp completes sales of company's assets.
International Resource News-March 26, 2012--NWest Energy Corp completes sales of company's assets(C)1994-2012 ENPublishing - http://www.enpublishing.co.uk
International Resource News - 26 March 2012
NWest Energy Corp (TSX VENTURE:NWN), a Canadian based resource company, has completed its earlier announced transaction involving the sale of all of the company's assets.
The deal is pursuant to an arm's length agreement with Shoal Point Energy Ltd.
According to contract, Shoal Point has acquired the remaining 50 percent undivided working legal and beneficial interest in and to exploration licence EL1097R dated November 23, 2011, covering an area of approximately 500,000 acres located offshore of western Newfoundland and Labrador.
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