Last C$0.18 CAD
Change Today -0.005 / -2.70%
Volume 1.1K
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As of 9:30 AM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

3mv energy inc (TMV) Snapshot

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10/10/13 - C$0.20
52 Week Low
12/18/13 - C$0.04
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3mv energy inc (TMV) Details

3MV Energy Corp. is engaged in the acquisition, exploration, development, and production of petroleum and natural gas reserves primarily in Saskatchewan, Western Canada. It has working interest in approximately 31,000 acres of land in the Fiske play of west central Saskatchewan. The company is based in Calgary, Canada.

3mv energy inc (TMV) Top Compensated Officers

Interim Chief Executive Officer, President, D...
Total Annual Compensation: --
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$136.0K
Compensation as of Fiscal Year 2013.

3mv energy inc (TMV) Key Developments

3MV Energy Corp. Announces Joint Venture Agreement

3MV Energy Corp. announced that it has entered into a Joint Venture Agreement with an arm's length private company to form a joint venture to drill, develop and exploit 3MV's Fiske property in SW Saskatchewan. The JV Partner has agreed to expend $5 million on the Fiske property to earn 50% of 3MV's interest in the Fiske property and related assets. The JV Partner which brings management and technical expertise will be the operator under the JV Agreement. The JV Agreement will allow 3MV to rapidly develop the Company's land holdings in the Fiske area Viking play with decreased economic risk and access to greater resources and technical staff.

3MV Energy Seeks Acquisitions

3MV Energy Corp. (TSXV:TMV) is seeking acquisitions. 3MV has entered into an agreement to sell assets in south west Saskatchewan for CAD 4.35 million and will use the proceeds to reduce corporate liabilities as well as provide additional funds for future acquisitions.

3MV Energy Corp. Announces $2 Million Draw Down Debt Facility

3MV Energy Corp. announced that it has obtained a $2,000,000 secured draw down facility term loan from Audax Investments Ltd. The Debt Facility is repayable June 1, 2016, bears interest at 8% per annum, calculated and payable quarterly on March 31, June 30, September 30 and December 31 in each year through the issuance of shares of 3MV at the volume weighted average market price of the shares of 3MV on the five trading days preceding payment date commencing June 30, 2014.


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