Xcite Energy Limited: Equity Line Facility Agreement Extension

Xcite Energy Limited: Equity Line Facility Agreement Extension
  

ABERDEENSHIRE, UNITED KINGDOM--(Marketwired - Apr 23, 2014) - Xcite Energy Limited (TSX VENTURE: XEL) (LSE: XEL)

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DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO
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SUCH JURISDICTION

                          TSX-V: XEL; LSE: XEL

14 April 2014

                         Xcite Energy Limited
                   ("Xcite Energy" or the "Company")

               Equity Line Facility Agreement Extension

Xcite Energy announces that it has extended the term of its existing
Equity Line Facility agreement ("ELF") with Esousa Holdings, LLC by
three years until 30 July 2017.

The terms and conditions of the ELF remain unchanged, with an undrawn
facility amount of GBP30.84 million, to be used, subject to the terms and
conditions of the ELF, at the sole discretion of the Company.

ENQUIRIES:

                                             [phone]
Xcite Energy Limited
Rupert Cole / Andrew Fairclough

Liberum (Joint Broker and Nominated Adviser) [phone]
Clayton Bush / Tim Graham


Morgan Stanley (Joint Broker)                [phone]
Andrew Foster


Bell Pottinger                               [phone]
Mark Antelme / Henry Lerwill


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.



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