MTV

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. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/March2011/08/c8825.html pAltaf Nazerali, President and CEObr/ (604) 628-7597/p

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