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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 Amends Bridge Financing Term

31/08/2009 9:53pm

Marketwired Canada


Lonestar West Inc. (TSX VENTURE:LSI) ("Lonestar" or "the Company") announces
that further to its press release dated July 13, 2009 announcing the completion
of a subordinated secured debenture financing in the aggregate amount of
$180,000 (the "Loan") carrying an annual interest rate of 16% and having a
maturity date of August 31, 2009, the Company and the debenture holders thereof
have agreed to extend the maturity date of the Loan to August 31, 2011. All
other terms of the Loan remain unchanged. The obligations under the debenture
are secured by Lonestar's grant of a security interest in its assets (including
the assets of its subsidiaries) in favour of the debenture holders (the
"Security Interest"). The Security Interest shall be subordinate and subject to
any loan or credit facility and any replacement thereof between Lonestar and a
subsequent lender, at the Company's discretion. None of the Company's common
shares or securities convertible into common shares are being issued in
connection with the Loan and no commissions or finder's fees are applicable in
connection with the Loan either.


About Lonestar West

The Company is an Alberta based company providing industrial vacuum services.
The Company currently operates a fleet of six vacuum trucks and two hydro-vac
trucks. The Company's customers are primarily engaged in oil and natural gas
exploration and development and mid-stream infrastructure construction and
maintenance.


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

1 Year Lonestar West Inc. Chart

1 Year Lonestar West Inc. Chart

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1 Month Lonestar West Inc. Chart

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