Mountainview Energy Ltd. (TSXV:MVW) a private placement of units for gross proceeds of CAD 25,000,000 on October 6, 2014. Each unit will consist of one common share and one half share purchase warrant. Each warrant will entitle the holder to purchase one additional common share at a price to be determined in the context of the market for a period of 24 months following the closing date of the transaction.

The transaction has been approved by board of directors of the company. The company will involve agent in the transaction. The transaction is expected to close by November 1, 2014.