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PMT Perpetual Energy Inc

0.46
0.005 (1.10%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Perpetual Energy Inc TSX:PMT Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 1.10% 0.46 0.455 0.47 0.46 0.46 0.46 1,500 20:59:59

Perpetual Energy Inc. Announces Expanded Credit Facility

08/06/2022 10:07pm

PR Newswire (Canada)


Perpetual Energy (TSX:PMT)
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From Jun 2021 to Jun 2024

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CALGARY, AB, June 8, 2022 /CNW/ - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual" or the "Company") announced today that the semi-annual borrowing base redetermination of the Company's first lien credit facility has been completed and the previous $17.0 million borrowing limit has been increased to $30.0 million with an initial term to May 31, 2023 and which which may be extended for a further twelve months to May 31, 2024 subject to lender approval. If not extended by May 31, 2023, all outstanding advances would be repayable on May 31, 2024. The next semi-annual borrow base redetermination is scheduled on or before November 30, 2022.

ADDITIONAL INFORMATION
About Perpetual

Perpetual is an oil and natural gas exploration, production and marketing company headquartered in Calgary, Alberta. Perpetual owns a diversified asset portfolio, including liquids-rich conventional natural gas assets in the deep basin of West Central Alberta, heavy crude oil and shallow conventional natural gas in Eastern Alberta. Additional information on Perpetual can be accessed at www.sedar.com or from the Corporation's website at www.perpetualenergyinc.com.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

SOURCE Perpetual Energy Inc.

Copyright 2022 Canada NewsWire

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