Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/3mv-energy-completes-the-acquisition-of-certain-as.shtml3MV Energy completes the acquisition of certain assets in its core Fiske area
3MV Energy Corp. has completed the acquisition of certain assets in its core
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3MV Energy Corp. has completed the acquisition of certain assets in its core Fiske area, including a GORR, land that is subject to the current farm-in agreement and 18 additional sections, pursuant to the purchase and sale agreement announced on February 20, 2013. Following the completion of the transaction, 3MV owns a high working interest (mostly 100%) in 53 sections of land in the Fiske play of west central Saskatchewan.
The Company used the gross proceeds from the Convertible Loan Offering (as defined below) to pay the purchase price of $2,000,000 and funds on hand to pay post-closing adjustment costs of $51,361.02.
