PrimeWest Exploration Inc. announced a non brokered private placement of 8,000,000 common shares at CAD 0.05 per common share for gross proceeds of CAD 400,000 on October 18, 2012. A finder's fee of 7% will be payable in cash and any finders shall also be entitled to an option to acquire such number of common shares equal to 7% of the number of common shares sold at an exercise price equal to CAD 0.05 per common share, exercisable for a period of 24 months from the closing date.

On November 12, 2012, the company has received approval from TSX Venture Exchange for the first tranche of 6,450,000 shares. The deal will see participation from 21 placees. As a part of the deal, Harris L. Dvorkin will subscribe to 360,000 shares, Charles W. will subscribe to 500,000 shares, Chapman Victor will subscribe to 500,000 shares, Luhowy Ken will subscribe to 500,000 shares, Macritehia Harris L. will subscribe to 640,000 shares, and Dvorkin Francis J. Reinhardt will subscribe to 500,000 shares.

On November 14, 2012, the company closed the first tranche of the transaction. The shares issued are subject to a hold period expiring on March 15, 2013. The company paid finder's fees to Macquarie Private Wealth Inc.