Mountainview Energy to conduct C$25 million private placement of units

Deal funds drilling program at 12 Gage project in the Williston Basin

By Devika Patel

Knoxville, Tenn., Oct. 6 – Mountainview Energy Ltd. said it plans a C$25 million non-brokered private placement of units.

The company will sell units of one common share and one half-share warrant. The whole warrants will be exercisable for two years.

Settlement is expected Nov. 1.

Proceeds will be used for development of the company's drilling program on its 12 Gage project in the Williston Basin, debt repayment and general corporate and working capital purposes.

Mountainview Energy is an oil and gas company based in Cut Bank, Mont.

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