MCW Energy Group, a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, today announced significant progress on the fabrication and assembly programs of its first oil sands extraction plant on its lease in the Asphalt Ridge Region of Utah, approximately 1.6 miles from Vernal. All access, entry and other supportive roads were developed and constructed onto and [...]
TORONTO, ONTARIO--(Marketwired - Dec 4, 2013) - MCW Energy Group (TSX-V: MCW) (MCW.V) ("MCW"), a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, announced today that it has refiled certain previously filed financial statements and management discussion and analysis ("MD&A"). During the three months ended May 31, 2013, MCW changed the software which it uses for [...]
TORONTO, ONTARIO--(Marketwired - Nov 27, 2013) - MCW Energy Group Ltd. (TSX VENTURE:MCW) (MCW.V) ("MCW"), a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, announces that it has entered into an agreement with Dr. Gerald Bailey, the Chief Executive Officer of MCW, pursuant to which MCW will issue 54,553 common shares to Dr. Bailey at a deemed price of $1.16 per [...]
TORONTO, ONTARIO--(Marketwired - Nov 14, 2013) - 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, announced today that it has issued 100,000 common shares to two arm's length consultants pursuant to the terms of a consulting agreement wherein the consultants will initiate a public relations campaign on behalf [...]
TORONTO, ONTARIO--(Marketwired - Nov 14, 2013) - 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, announced today that its shareholders approved a new 20% fixed number stock option plan (the "2013 Option Plan"). As announced on July 12, 2013, the directors of MCW approved a new 20% fixed number stock option [...]
TORONTO, ONTARIO--(Marketwired - Sep 19, 2013) - 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 the appointment of Karlo Vartan, as Chief Financial Officer of the MCW Energy Group. to replace Richard S. Rawdin who has resigned to focus on other opportunities. Mr. Vartan will take over the [...]
MCW Energy Group, a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, today announced the imminent arrival of its engineering team to commence the assembly of its first extraction unit on MCW's lease location in Asphalt Ridge, Utah. The engineering team will assemble the components of the compactly-designed unit which includes the extraction column, rectification [...]
MCW Energy Group, a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, today announced progress of its ongoing fabrication and assembly programs of its first extraction unit which will be tested for commercial production viability on MCW's lease in Asphalt Ridge. One of the most important components of MCW's closed-loop technology is the Pre-Mixing System which has [...]
MCW Energy Group today announced that an independent rating agency member of Universal Rating Agency, has assigned a credit rating of "BB" to MCW Fuels Inc. According to the agency, the assigned rating is based upon the presence of a qualified and experienced management team, a moderate current debt burden and the substantial market value of assets controlled by the parent company, MCW Energy Group.
TORONTO, ONTARIO--(Marketwired - Aug 1, 2013) - MCW Energy Group (TSX VENTURE:MCW) ("MCW"), a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, announced today that it will be refiling certain previously filed financial statements and management discussion and analysis ("MD&A"). During the three months ended May 31, 2013, MCW changed the software which it used for [...]
TORONTO, ONTARIO--(Marketwired - Jul 22, 2013) - 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, announced today that its board of directors has approved the grant of 16,000 stock options to Richard S. Rawdin, CPA, the Chief Financial Officer of MCW, at an exercise price of $0.87 per common share expiring on [...]
TORONTO, ONTARIO--(Marketwired - Jul 17, 2013) - MCW Energy Group Ltd. (TSX VENTURE:MCW) ("MCW"), a Canadian holding company involved in fuel distribution and the creation of oil sands recovery technology, is pleased to announce that Sergey Grechishkin, Chairman of the Investment Committee of Redline Capital Management S.A., has joined its board of directors to replace Martin J. Doane who has resigned to focus on his [...]