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| Home : MCW Energy Group Closes Tranche of Financing and Announces Shares for Debt Transaction |
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Mar 29
2016 |
MCW Energy Group Closes Tranche of Financing and Announces Shares for Debt Transaction |
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TORONTO, ONTARIO--(Marketwired - March 28, 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 US$25,000 through the issuance of 278,064 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 106,890,803 common shares issued and outstanding. |
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| Source:http://www.marketwired.com/mw/release.do?id=2109483&sourceType=3 |
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