June 30, 2016 / 9:17 PM / a year ago

BRIEF-MCW Energy Group to acquire Enhanced Oil Recovery Technology for its Utah Oils Sands Project

June 30 (Reuters) - Mcw Energy Group Ltd :

* MCW will acquire 57.29% of all issued and outstanding shares of accord

* Deal consideration for 59,698,308 shares of MCW and warrants to purchase 2,000,000 shares of MCW at US$0.25 per share for three years Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

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