3MV Energy Corp. has on November 14, 2012, repaid its indebtedness in full under its secured subordinated credit facility in the principal amount of $2 million plus interest, fees and costs.

The Company used the gross proceeds from the Convertible Loan Offering and the Unit Offering, together with funds on hand, to repay its indebtedness under the Subordinated Facility.

Closing of Convertible Loan Offering

3MV is also pleased to announce the closing of the $1,000,000 non-brokered private placement financing of convertible debentures (the "Convertible Loan Offering"). Dallas Duce, a shareholder and director of 3MV, is indirectly the sole subscriber to the private placement.

Tags: 3MV Energy Corp.