Marketvision Direct, Inc.
TSX VENTURE : MKT

November 30, 2009 18:30 ET

Marketvision Completes Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwire - Nov. 30, 2009) - Further to its press release of September 16, 2009, Marketvision Direct, Inc. (TSX VENTURE:MKT) (the "Company") is pleased to announce that it has completed a non-brokered private placement (the "Offering") of 7,750,000 units (the "Units") at a subscription price of CDN$0.05 per Unit for gross proceeds of CDN$387,500. Each Unit consists of one common share and one common share purchase warrant (a "Warrant"). Each Warrant is exercisable into one common share of the Company an initial exercise price of $0.06 if exercised within 12 months of closing, and, if not so exercised, at an exercise price of $0.10 during the subsequent 12 month period. In the event that at any time during the first 12 months following closing, the closing price of the Company's common shares on the TSX Venture Exchange exceeds $0.10 per share for a period of 21 consecutive trading days, the Company will, by written notice, give the holders of the Warrants 60 days in which to exercise the Warrants, and in the event that the Warrants are not so exercised within such 60 day period, any unexercised Warrants will be exercisable at an exercise price of $0.10 and will expire at 5:00 p.m. (Toronto time) on the date which is the earlier of: (i) 12 months from the date on which such notice is given by the Company and (ii) 24 months from closing.

The securities issued under the Offering are subject to a four month hold period in accordance with Canadian securities law.

Proceeds from the Offering will be used to review potential acquisition opportunities in the natural resource sector outside of Canada and for general corporate purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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

  • Marketvision Direct, Inc.
    Thomas Vukovich
    President and Chief Executive Officer
    (416) 367-0150
    (416) 367-0165 (FAX)
    or
    Marketvision Direct, Inc.
    John Clark
    Chief Financial Officer
    (416) 367-0150
    (416) 367-0165 (FAX)