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CALGARY, ALBERTA--(Marketwire - Oct. 23, 2012) - Alexander Energy Ltd. (TSX VENTURE:ALX), ("Alexander" or the "Company") announces that it has received approval from its Bank for a Revolving Operating Demand loan of $12 million and a Development Demand loan of $3.5 million. Also, the Bank has approved a $1.1 million drawdown on the Development Demand loan to drill, complete, tie-in and equip the 15-12-56-27W4 well which is expected to spud before October 31, 2012. |
