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TORONTO, ONTARIO--(Marketwired - March 10, 2016) - MCW Energy Group Limited ("MCW") (TSX VENTURE:MCW)(OTCQX:MCWEF), a Canadian holding company involved in the development of environmentally-friendly oil sands technologies and the production of oil from Utah's vast oil sands deposits, announces it has raised gross proceeds of $48,272 through the issuance of 389,290 common shares at a price of $0.124 per share. All shares issued pursuant to the non- brokered private placement are subject to a four-month hold period. The proceeds of the financing will used for working capital. Including the issuance announced herein there are 77,584,283 common shares issued and outstanding. |
