We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Bri Chem Corp | TSX:BRY | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.05 | -12.82% | 0.34 | 0.30 | 0.40 | 0.38 | 0.34 | 0.38 | 6,000 | 21:00:29 |
Bri-Chem Corp. ("Bri-Chem" or "Company") (TSX:BRY), a leading North American wholesale distributor and manufacturer of oil and gas drilling fluids and steel pipe, is pleased to announce that it has increased and extended its Asset Based Lending Facility ("ABL Facility") by $10 million from $80 million to $90 million with Canadian Imperial Bank of Commerce and HSBC Bank Canada. In addition to increasing the size of the ABL Facility, the term was extended from August 12, 2014 to August 12, 2016. The amended ABL Facility offers more favourable terms and interest rates and as well provides the Company with additional financial resources at cost efficient and flexible terms to support the Company's future growth. "We are pleased with the increase and extension of our credit facility and appreciate the support and confidence of the financial institutions involved," said Don Caron, Chief Executive Officer of Bri-Chem. "Along with our strong cash flow, the amended credit facility provides Bri-Chem the ability to develop upon our business plan to further penetrate our rapidly expanding USA drilling fluids market segment." About Bri-Chem Bri-Chem has established two primary segments of business through a combination of internal growth and acquisitions: Bri-Chem's Drilling Fluid Division is North America's largest independent wholesale supplier of drilling fluids for the oil and gas industry. We provide over 100 drilling fluid products, cementing, acidizing and stimulation additives from 31 strategically located warehouses throughout Canada and the United States; Bri-Chem's Steel Pipe Division is the first company to introduce and construct a Thermal Pipe Expansion (TPE) facility in North America for manufacturing, testing and supply of large diameter seamless steel pipe for the energy industry. Additional information about Bri-Chem is available at www.sedar.com or at Bri-Chem's website at www.brichem.com. To receive Bri-Chem news updates send your email to ir@brichem.com. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. FOR FURTHER INFORMATION PLEASE CONTACT: Bri-Chem Corp. Jason Theiss CFO (780) 577-0595 jtheiss@brichem.com www.brichem.com CHF Investor Relations Robin Cook Account Manager (416) 868-1079 robin@chfir.com CHF Investor Relations Cathy Hume CEO (416) 868-1079 x231 cathy@chfir.com
1 Year Bri Chem Chart |
1 Month Bri Chem Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions