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-MCW ENERGY GROUP CLOSES ANNOUNCES SHARES FOR DEBT TRANSACTION

Feb 03, 2017 - ENP Newswire

TORONTO, CANADA - MCW Energy Group Limited 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 entered into a shares for debt agreement, pursuant to which MCW will issue 1,899,970 common shares in satisfaction of CAD$ 135,372.87 of indebtedness currently owed to a service provider.

MCW determined to satisfy the indebtedness with common shares in order to pre...