IRVING, Texas, August 8, 2016 (MARKETWIRED) — International Western Petroleum, Inc. (OTCQB: INWP), a Texas-based E&P company (“the Company”) involved in the acquisition, development, and exploration of crude oil and natural gas properties, announced today that it sold in a private placement 34,500,000 shares of common stock to several investors, including Mr. Patrick Norris and a company controlled by him, JBB Partners, Inc.. The Company received $345,000 from the sale of these shares. JBB Partners, Inc. also lent the Company an additional $550,000, modifying its current loan originally made in April 2017. Together the Company has obtained, before expenses, $895,000 in working capital.
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