MCW Enterprises Enters Into Shares for Debt Transaction and Agreement to Issue Bonus Shares

Did you read this?MCW Enterprises Ltd, a Canadian holding company involved in fuel distribution and the creation of oil sands recovery technology, announces that it has entered into an agreement with an arms?length lender, pursuant to which MCW will issue 940,963 common shares in satisfaction of indebtedness of $781,000 currently owed to such lender, based on an agreed issue price of $0.83 per share. MCW determined to satisfy the indebtedness with common shares in order to preserve its cash for use on the construction of its extraction technology in the Uinta Basin of Utah, USA.If you didn't for more check the latest news!