WINNIPEG, MANITOBA--(Marketwired - March 17, 2014) -
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR RELEASE TO U.S. NEWSWIRE SERVICES
MPVC Inc. (TSX VENTURE:MVC.H) ("MPVC" or the "Corporation") announces that it has agreed to issue finders' warrants to certain eligible finders in relation to the unit financing and flow-through financing for its option agreement with CanAlaska Uranium Ltd. ("CanAlaska"). The Corporation expects to issue finders' warrants to acquire up to 320,000 common shares at a price of $0.10 per share, which is the same price at the financings. The finders' warrants will be subject to a four month holder period from the date of issuance and will be exercisable for a period of two years from the date of issuance. MPVC anticipates closing the financings this week and submitting documentation for final TSX Venture Exchange approval of the option transaction with CanAlaska.
Completion of the option transaction previously announce on October 4, 2013, is subject to a number of conditions, including completion of at least $1,250,000 in financing, final Exchange acceptance and disinterested shareholder approval. The transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in Filing Statement filed on SEDAR on December 20, 2013, in connection with the transaction, and information released or received with respect to the Change of Business may not be accurate or complete and should not be relied upon. Trading in the securities of MPVC should be considered highly speculative.
Neither 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 press release.
This news release is not for dissemination in the United States or for release to U.S. newswire services. This news release does not constitute an offer to sell or a solicitation of an offer to sell any 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 persons in the United States unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.