3MV Energy Corp.

February 06, 2012 19:13 ET

3MV Energy Corp. Announces Resumption of Trading

CALGARY, ALBERTA--(Marketwire - Feb. 6, 2012) - 3MV Energy Corp. ("3MV" or the "Corporation"), formerly Noravena Capital Corporation (TSX VENTURE:NRV.P) ("Noravena"), is pleased to announce that it has received final approval from the TSX Venture Exchange ("TSX Venture") in connection with the three-cornered amalgamation (the "Amalgamation") of 3MV Energy Inc. ("Private 3MV") and a wholly owned subsidiary of Noravena, Noravena Acquisition Corporation ("Noravena Sub"), pursuant to an amalgamation agreement among Noravena, Noravena Sub and Private 3MV. The Amalgamation was completed on January 30, 2012, and constitutes the Corporation's Qualifying Transaction pursuant to Policy 2.4 of the TSX Venture. In connection with the completion of the Qualifying Transaction, Noravena changed its name to "3MV Energy Corp." and consolidated its previously outstanding common shares on the basis of one post-consolidation common share for each ten pre-consolidation common shares.

The common shares of the Corporation will resume trading on the TSX Venture at the opening of market on February 7, 2012 under the symbol "TMV".


3MV is a junior E&P company focused on low-risk light oil resource plays in the Kindersley area of West Central Saskatchewan. 3MV targets drilling of the Lower Cretaceous Albian age Viking sandstone. The Viking formation has an aerial extent encompassing much of Saskatchewan and Alberta. Production from vertical wells in the Viking first occurred in the late 1950's. The 3MV management team is the same group that advanced the Viking as a resource play by drilling the first horizontal multi-stage technology in the Kindersley area.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • 3MV Energy Corp.
    Douglas McKinnon
    President and Chief Executive Officer