Multivision Communications Corp. to raise $450,000 by way of Non-Brokered Private Placement

VANCOUVER, March 8 /CNW/ -- 
VANCOUVER, March 8 /CNW/ - Multivision Communications Corp. (TSXV: MTV)
 (the "Company"), announces that it intends to undertake a non-brokered
 private placement of 3 million units at a price of $0.15 per unit for
 aggregate gross proceeds of $450,000.  Each Unit will consist of one
 common share and one common share purchase warrant.  Each warrant will
 entitle the holder thereof to purchase one common share of the Company
 for a period of 24 months from the date of closing at an exercise price
 of $0.20 per warrant share.


The proceeds of the offering will be used for working capital.  The
 completion of the private placement is subject to TSX Venture Exchange
 approval and the execution of definitive documentation with investors. 
 The securities issued pursuant to the offering will be subject to a
 four-month hold period from the date of issuance.


Neither the TSX Venture Exchange nor its Regulation Service Provider (as
 that term is defined in policies of the TSX Venture Exchange) accepts
 responsibility for the adequacy or accuracy of this release.



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pAltaf Nazerali, President and CEObr/ [phone]/p

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