MCW Energy Group Limited
TSX VENTURE : MCW

MCW Energy Group Limited

May 08, 2013 09:00 ET

MCW Energy Group Appoints Revere Securities as Placement Agent for Funding of Utah Oil Sands Project with up to $30 Million Series A Bond Issue

TORONTO, ONTARIO--(Marketwired - May 8, 2013) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

MCW Energy Group (TSX VENTURE:MCW) (MCW.V) ("MCW"), a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, today announced that New York‐based Revere Securities Corporation been appointed as placement agent for MCW's proposed $30 million Series A Bond issue. The proposed funding will consist of non-listed, non-convertible, unsecured Series A Bonds.

About Revere Securities Corporation:

Revere Securities Corporation is a global-dealer firm providing institutional management, as well as strategic and financial support to individual investors, institutional investors and hedge funds. Revere offers a full range of investment banking and financing services including Initial Public Offerings, Follow-On Secondary Offerings, Private Investment and Public Equity, Private Placements, Corporate Advisory, Corporate Restructuring and Mergers and Acquisitions. Founded in 1983, Revere is headquartered in New York City, N.Y., with three additional offices in the United States, and is U.S. FINRA and SEC registered as well as a member of SIPC and MSRB.

About MCW Energy Group:

MCW Energy Group Limited, is focused on value creation as (i) a distributor of gasoline and diesel fuels to service stations in Southern California for over 72 years, having revenue in the fiscal year ending August 31, 2011, of US$241.5 million, most recently reported having revenue of US$363.3 million for the fiscal year ending August 31, 2012, and (ii) as a developer of proprietary technology for the extraction of oil from oil sands at its first field in the Uinta Basin of Utah, USA. MCW's management team is comprised of individuals who have extensive knowledge in both conventional and unconventional oil and gas projects and production, as well as refinery and fuel distribution experience.

The information in this news release related to Revere Securities Corporation was provided to MCW by Revere Securities Corporation.

The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Forward‐looking statements in this news release, include, but are not limited to, the commercial viability of the technology and the extraction plant, economic performance and future plans and objectives of MCW. Any number of important factors could cause actual results to differ materially from these forward‐looking statements as well as future results. Although MCW believes that the expectations reflected in forward looking statements are reasonable, they can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, MCW disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.

This press release does not constitute and the subject matter hereof is not, an offer for sale or a solicitation of an offer to buy, in the United States or to any "U.S Person" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "1933 Act")) of any equity or other securities of MCW. The securities of MCW have not been registered under the 1933 Act and may not be offered or sold in the United States (or to a U.S. Person) absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act.

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

Contact Information

  • MCW Energy Group Limited
    Paul Davey
    Communications
    +1 (800) 979-1897 (Ext. 3) or Cell: 1-778-389-0915
    pdavey@mcwenergygroup.com