Petrowest Corporation announces closing of bought deal offering

CALGARY, Nov. 5, 2013 /CNW/ - Petrowest Corporation (Petrowest) has completed 
its previously announced bought-deal offering, including the exercise in full 
of the underwriters' over-allotment option. A total of 21,562,500 class A 
common shares (Common Shares) have been issued at a price of $0.80 per share 
for aggregate gross proceeds of $17,250,000. 
The syndicate of underwriters was co-led by Beacon Securities Limited and 
Canaccord Genuity Corp. and included Dundee Securities Ltd., GMP Securities 
L.P., Cormark Securities Inc. and Paradigm Capital Inc. 
The net proceeds from the offering will be used to reduce corporate 
indebtedness and for general corporate working capital purposes. 
"We are very pleased with the level of investor interest in this financing, as 
we believe the strong support of the market clearly underscores our strategy 
to be an early participant of the LNG build-out in northeast British 
Columbia," said President and Chief Executive Officer, Rick Quigley. "We are 
looking forward to putting the new capital to use to strengthen our balance 
sheet through debt reduction and enhance our efforts to execute on our long 
term contracts and growth initiatives". 
This press release is not an offer or a solicitation of an offer of securities 
for sale in the United States. The Common Shares have not been and will not be 
registered under the U.S. Securities Act of 1933, as amended, and may not be 
offered or sold in the United States absent registration or an applicable 
exemption from registration. 
Petrowest is an Alberta corporation involved in pre-drilling and 
post-completion energy services as well as industrial and civil infrastructure 
projects, gravel crushing and hauling for non-energy sector customers. 
Petrowest's primary operations are based in the Grande Prairie area of 
northern Alberta and in northeastern British Columbia.

SOURCE  Petrowest Corporation 
Please contact Richard Quigley, President and Chief Executive Officer,  
at(780) 830-0881, or Ian Hogg, Vice President, Corporate Affairs, at (403)  
384-0407, or Lloyd Wiggins,Chief Financial Officer, at (416) 572-2760, 
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CO: Petrowest Corporation
ST: Alberta
-0- Nov/05/2013 14:16 GMT
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