TORONTO, ON--(Marketwired - Dec 22, 2014) - MCW Energy Group Ltd., ("MCW"), (TSX VENTURE: MCW) (OTCQX: MCWEF), a Canadian holding company involved in the creation of oil sands extraction technology, through MCW Oil Sands Recovery, LLC ("MCW Oil Sands") announced further details on its progress to move its initial extraction plant into full production mode in January, 2015, as discussed in its most recent press release [...]
MCW Energy Group, a Canadian holding company involved in fuel distribution, through MCW Fuels, Inc., and the creation of oil sands extraction technology, through MCW Oil Sands Recovery, LLC, announces the execution by MCW Fuels of a definitive agreement to sell its rights to distribute fuel to all of its branded and unbranded gas stations. In an effort to concentrate on the oil sands segment of the business, MCW [...]
MCW, a Canadian holding company involved in fuel distribution, through MCW Fuels, Inc., and the creation of oil sands extraction technology, through MCW Oil Sands Recovery, LLC, announces its intention to streamline its business to focus on its core business of oils sands extraction through the sale of its fuel distribution business. MCW's intention is to develop its oil sands operations by processing purchased native oil [...]
MCW Energy Group, a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, announces that it has advanced a further convertible secured note to an institutional arm's length lender for an aggregate principal amount of US$555,556 in accordance with the terms of a securities purchase agreement previously announced on November 5, 2014. The Note bears interest at a rate of [...]
TORONTO, ON--(Marketwired - Nov 25, 2014) - MCW Energy Group Ltd. ("MCW") (TSX VENTURE: MCW) (OTCQX: MCWEF), a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, today announced the online publication of an article featuring MCW's proprietary oil sands extraction technology by CBS Money Watch this week. The article, titled "A Cleaner Way To Get Petroleum Out of Oil [...]
TORONTO, ON--(Marketwired - Nov 20, 2014) - MCW Energy Group Ltd. ("MCW") (TSX VENTURE: MCW) (OTCQX: MCWEF), a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, today announced the publication of MCW's average production costs by the current issue of Bloomberg's Business Week Magazine. The article, titled "Cleaner Oil Sands...A New Extraction Process..." appeared [...]
MCW Energy Group, a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, provides the following update to shareholders: MCW has issued today a convertible secured note to an institutional arm's length lender for an aggregate principal amount of US$555,556 in accordance with the terms of a securities purchase agreement pursuant to which the Lender has agreed to loan up [...]
MCW Energy, a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, announces that it has completed a non-brokered private placement financing by issuing 106,847 common shares at a price of $0.84 per share. All common shares issued pursuant to the financing are subject to a four month statutory hold period as well as a US restrictive legend.
MCW Energy, a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, announces the issuance of two secured debentures for an aggregate principal amount of $1,100,000 to two private lenders. The Debentures provide that the principal amount of the Debentures will bear interest at a rate of 12% per annum, payable monthly and will mature on October 15, 2017.
TORONTO, ON--(Marketwired - Oct 9, 2014) - MCW Energy Group Ltd. ("MCW") (TSX VENTURE: MCW) (OTCQX: MCWEF), a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology today disclosed further details on its Phase #2 Expansion Plan for further development and increased oil sands extraction capacities in Asphalt Ridge, Utah. MCW's Chairman Aleksandr Blyumkin stated today [...]
TORONTO, ON--(Marketwired - Oct 7, 2014) - MCW Energy Group (TSX VENTURE: MCW) (OTCQX: MCWEF) ("MCW"), a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology announced today that it successfully demonstrated its initial extraction plant on Wednesday, October 1st, 2014 near Vernal, Utah to a group of investors, MCW shareholders, local and state officials, family and [...]
TORONTO, ONTARIO--(Marketwired - Oct 3, 2014) - MCW Energy Group Ltd. ("MCW") (TSX VENTURE:MCW)(OTCQX:MCWEF), a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, announces that it has entered into three agreements with arms-length service providers, pursuant to which MCW will issue an aggregate of 213,503 common shares in satisfaction of indebtedness of [...]