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RYD Ryland Oil Corp

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Share Name Share Symbol Market Type
Ryland Oil Corp TSXV:RYD 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 -

Ryland Oil Increases Debt Financing for Royalty Acquisition

14/04/2010 11:49pm

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Ryland Oil Corp (TSXV:RYD)
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Ryland Oil Corporation (TSX VENTURE: RYD) ("Ryland" or "the Company") announces that it is increasing the amount of a syndicated loan announced on March 29, 2010 from CDN$3.5 million to CDN$6.5 million. Loan proceeds will be used for the acquisition of royalties from third parties on leases held by the Company's subsidiary, Pebble Petroleum Inc. and for general working capital. Ryland is not obligated to draw down the full amount of the loan and will issue bonus shares to the lenders only with respect to proceeds which are actually advanced. All other terms of the loan are as announced in the Company's news release of March 29, 2010. The loan and the purchases of royalties are subject to regulatory approval.

Gerald J. Shields, President

Issued and Outstanding: 198,327,535

Neither 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.

Contacts: Ryland Oil Corporation Mr. Jim Welykochy Vice-President Corporate Development 403.861.1242

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