Up to 722,892 common shares
If you ever questioned your decision making process about MCW, you might want to see this: MCW announces that it has entered into an agreement with Alex Blyumkin, Chairman/Director of MCW, and David Sutton, President and a Director of MCW, to issue up to 722,892 common shares (361,446 each) in consideration for personally guaranteeing up to $3,000,000 of MCW debt, based on an agreed issue price of $0.83 per share. As of the date of this News Release $2,000,000 has been drawn on by MCW and accordingly 481,928 of the bonus shares (240,964 each) will be issued.
