VANCOUVER, April 15 /CNW/ - Multivision Communications Corp. (TSXV: MTV)
(the "Company"), announces that it has closed a non-brokered private
placement of 3 million units at a price of $0.15 per unit for aggregate
gross proceeds of $450,000. Each Unit will consist of one common share
and one common share purchase warrant. Each warrant will entitle the
holder thereof to purchase one common share of the Company up to April
15, 2013, at an exercise price of $0.20 per warrant share. The
securities issued pursuant to the offering are subject to a four-month
hold period from the date of issuance.
The proceeds of the offering will be used for working capital.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE Multivision Communications Corp.
For further information:
Altaf Nazerali, President and CEO