Marketvision Announces Exercise of Warrants
December 02 2010 - 3:35PM
Marketwired Canada
Marketvision Direct, Inc. (TSX VENTURE:MKT) ("Marketvision" or the "Company")
announces that 2,200,000 of the warrants issued in connection with a private
placement which closed on November 30, 2009 were exercised prior to the November
30, 2010 deadline at their initial exercise price of $0.06. Accordingly, the
Company has issued 2,200,000 shares at $0.06 per share for total proceeds of
$132,000. The remaining 5,550,000 warrants issued pursuant to the private
placement are now exercisable at $0.10 per share until November 30, 2011. With
the issuance of these shares, the issued and outstanding common shares of
Marketvision is now 49,093,914 shares.
This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act") or any state securities laws and may not
be offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
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