Jun. 7, 2011 (Canada NewsWire Group) --
/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/
TSX VENTURE EXCHANGE: MVD
TORONTO, June 7, 2011 /CNW/ - Mega View Digital Entertainment Corp. ("Mega View") (TSX VENTURE:MVD) today announces that it has closed a tranche of a loan transaction in the amount of Fifty Thousand ($50,000) Canadian Dollars. The proceeds will be used for working capital to fund Mega View business expansion initiatives.
The Senior-Unsecured Promissory Note (the "Note") is repayable on October 7, 2011, or upon demand by the lender, or earlier at the Company's option without any penalty. The Note bears a simple daily interest of "Prime Business Rate" as published by the Bank of Canada and that the said rate shall be fixed at the date of the Note transaction, plus an additional one (1%) percent.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Mega View Digital Entertainment Corp.
Chief Executive Officer
Tel: 647.478.8468
Fax: 905.475.9511