MCW Energy Announces Debenture Financing Oct 14th 2014:

MCW Energy Group Limited (TSX VENTURE:MCW)(OTCQX:MCWEF) ("MCW"), a Canadian holding company involved in fuel distribution and the creation of oil sands extraction technology, announces the issuance of two secured debentures (the "Debentures") for an aggregate principal amount of $1,100,000 to two private lenders. The Debentures provide that the principal amount of the Debentures will bear interest at a rate of 12% per annum, payable monthly and will mature on October 15, 2017. The Debentures are secured by all of the assets of MCW. The proceeds will be used by MCW on capital expenditures on its oil sands plant facility in Asphalt Ridge, Utah, as well as for working capital. In addition, MCW also issued the Lenders common share purchase warrants exercisable for an aggregate of 500,000 common shares of MCW at $1.00 per share until October 10, 2017. All securities issued pursuant to the financing will be subject to a four-month hold period.

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