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| Home : Canada Energy Partners Announces Financing Agreements |
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Jan 16
2013 |
Canada Energy Partners Announces Financing Agreements |
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 16, 2013) - Canada Energy Partners (TSX VENTURE:CE) (the "Company") is pleased to announce that it has arranged for a two year satisfaction of a $1.6 million plug and abandonment bond commitment to the BC Oil and Gas Commission and secured financing for two years, by way of a third party credit facility, of all lease property taxes and surface and subsurface rental obligations in exchange for granting a 12 month first-right-of-refusal on the Company's Montney assets. In addition Canada Energy has committed to sell certain dormant assets for $210,000. Closing is expected to occur on or before January 31, 2013. Canada Energy currently has no debt. |
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| Source:http://www.marketwire.com/mw/release.do?id=1746276&sourceType=3 |
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