Nov 3 (Reuters) - MCW Energy Group Ltd MCW.V :
* Announces proposed debt transaction
* Says entered into a non-binding term sheet for a proposed non-convertible
note financing for up to $4.9 million
* Says proceeds will be used by MCW on capital expenditures on oil sands plant
facility in asphalt ridge, Utah
* Source text for Eikon urn:newsml:reuters.com:*:nMKW0T8ySa
* Further company coverage MCW.V