3MV Energy Corp. has closed the previously announced sale of assets in south west Saskatchewan (the "Transactions"). 3MV has sold a land package with corresponding production, related inventory and equipment within the property (the "Assets"). The purchase price of the Assets is $4,350,000 subject to usual adjustments..
Proceeds of the Transactions will be applied to reduce 3MV's corporate liabilities as well as provide additional funds for future acquisitions. The sale of these assets advances the Company's strategic goal of reducing its debt load and further focuses its development strategy on its Fiske Viking property in west central Saskatchewan.