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| Home : Ceiba Energy Services Announces Repayment and Cancelation of Credit Facilities and Mezzanine Loan |
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Aug 06
2014 |
Ceiba Energy Services Announces Repayment and Cancelation of Credit Facilities and Mezzanine Loan |
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CALGARY, ALBERTA--(Marketwired - Aug. 5, 2014) - Ceiba Energy Services Inc. ("Ceiba" or the "Company") (TSX VENTURE:CEB) is pleased to announce that the Company has repaid and cancelled all of its credit and loan facilities. As previously disclosed, the Company intended to use a portion of the $16.1 million private placement that closed on July 24, 2014 to reduce indebtedness. The Company has now fully repaid and cancelled its credit facility with ATB Financial which had approximately $1.4 million outstanding. The Company has also repaid the $5.1 million mezzanine loan with Quest Capital Management Corp., Earlston Investments Corp. and individual investors without paying any fee associated with the previously announced extension of the mezzanine loan. |
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| Source:http://www.marketwired.com/mw/release.do?id=1935716&sourceType=3 |
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