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OIL

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Share Name Share Symbol Market Type
TSXV:OIL 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 -

LGX Oil + Gas Inc. Announces $30 Million Bank Facility

16/11/2015 10:16pm

PR Newswire (Canada)


LGX Oil + Gas Inc. (TSXV:OIL)
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CALGARY, Nov. 16, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) has entered into a new banking facility with the Alberta Treasury Branch consisting of a $30 million revolving demand credit facility. The new facility replaces the previous $20 million revolving demand credit facility and a $10 million non-revolving term credit facility.  The new facility is a borrowing base facility subject to annual review by the lender, with the next review scheduled for no later than December 31, 2015. 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

SOURCE LGX Oil + Gas Inc.

Copyright 2015 Canada NewsWire

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