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Share Name Share Symbol Market Type
TSXV:LSI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Lonestar Announces New Credit Facility

21/10/2013 2:00pm

Marketwired Canada


Lonestar West Inc. (TSX VENTURE:LSI) ("Lonestar" or the "Company") is pleased to
announce today that effective October 16, 2013, it has entered into three new
credit facilities (the "Facilities") with HSBC Bank Canada ("HSBC"). The
Facilities provide Lonestar with an aggregate of $12,750,000 in available
capital. The purpose of the Facilities is to assist Lonestar in completing
acquisitions, financing capital expenditures for additional equipment and other
general corporate purposes. The Facilities are secured by all of the assets of
Lonestar and by unlimited guarantees of its subsidiaries. The Operating Facility
shall be repaid upon demand made by HSBC and bears interest at a rate of HSBC
Prime Rate plus 1%.


"We are extremely pleased to be working with HSBC going forward," said James
Horvath, President and CEO of Lonestar West. "These facilities allow Lonestar
further flexibility in our continued growth planned throughout Canada and the
United States." 


About Lonestar West

The Company currently operates a fleet of 63 HVAC and vacuum trucks throughout
Western Canada and the United States from its base in Sylvan Lake, Alberta. It
is focused on profitably growing its HVAC services to become a major competitor
in the North American market.


For more information please visit the Lonestar West website at www.lonestarwest.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lonestar West Inc.
James Horvath
President & CEO
403-887-2074
416-865-9550 (FAX)
info@lonestarwest.com
www.lonestarwest.com


The Howard Group Inc.
Jeff Walker
Toll Free: 888-221-0915 or 403-221-0915
403-237-8387 (FAX)
jeff@howardgroupinc.com
www.howardgroupinc.com

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