TORONTO, ONTARIO -- (Marketwire) -- 03/26/13 -- Mega View Digital Entertainment Corp. (TSX VENTURE: MVD.H) ("Mega View" or the "Company") announces that a director of Mega View has advanced a total of $75,000 to Mega View on an interest-free and unsecured basis to provide working capital. This loan is payable on demand. To date, directors have advanced a total of $150,000 on an interest-free and unsecured basis payable on demand. In addition, a director has advanced $50,000 on an unsecured basis and payable on demand with interest at a rate of 4% per annum and due on May 17, 2013. The foregoing advances made by directors aggregate $200,000.
ON BEHALF OF THE BOARD OF DIRECTORS
CAUTIONARY STATEMENT: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are the risks detailed herein and from time to time in the filings made by the Company with securities regulators including the following: (i) Mega View has stopped commercial operations and has no history of profit; (ii) investment in the common shares of Mega View is highly speculative given the unknown nature of Mega View's business and its present stage of development; (iii) the directors and officers of Mega View will only devote a portion of their time to the business and affairs of Mega View and some of them are or will be engaged in other projects or businesses such that conflicts of interest may arise from time to time; and (iv) there can be no assurance that an active and liquid market for Mega View's common shares will develop and an investor may find it difficult to resell its common shares.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Mega View Digital Entertainment Corporation
Chief Executive Officer
Most Popular Stories
- Study: Recessions Can Postpone Motherhood Forever
- Hispanic Entrepreneurs Short-changed in Texas
- Hispanics Carry Big Clout: Census
- Tim Cook Has Proved That Apple is His Baby
- Who Is Daniel Ivascyn?
- Washington's 'The Equalizer' Debuts With $35 Million
- Effort to Oust Assad Put on Hold
- China Approves iPhone 6 After Security Assurances
- Netflix Eyes Hollywood With Feature Film
- Qantas Puts World's Largest Plane on Longest Route