LGX Oil + Gas Inc. Announces $30 Million Bank Facility
November 16 2015 - 4:16PM
PR Newswire (Canada)
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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