Marketvision Direct, Inc.
TSX VENTURE : MKT

December 02, 2010 16:36 ET

Marketvision Announces Exercise of Warrants

TORONTO, ONTARIO--(Marketwire - Dec. 2, 2010) - Marketvision Direct, Inc. (TSX VENTURE:MKT) ("Marketvision" or the "Company") announces that 2,200,000 of the warrants issued in connection with a private placement which closed on November 30, 2009 were exercised prior to the November 30, 2010 deadline at their initial exercise price of $0.06. Accordingly, the Company has issued 2,200,000 shares at $0.06 per share for total proceeds of $132,000. The remaining 5,550,000 warrants issued pursuant to the private placement are now exercisable at $0.10 per share until November 30, 2011. With the issuance of these shares, the issued and outstanding common shares of Marketvision is now 49,093,914 shares.

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)