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| Home : Chinook Energy Inc. Announces Amended Credit Facility |
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Jun 23
2015 |
Chinook Energy Inc. Announces Amended Credit Facility |
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CALGARY, ALBERTA--(Marketwired - June 22, 2015) - Chinook Energy Inc. (TSX:CKE) ("Chinook" or the "Company") today announced its amended credit facility following the completion of the semi-annual review of its facility by its bank syndicate. The amended credit facility provides a borrowing base of $75 million, down from $125 million, primarily as a result of significantly reduced commodity pricing and non-core asset dispositions. The credit facility is subject to re-determination on a semi-annual basis, with a maturity date of June 23, 2016, subject to further extension. |
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| Source:http://www.marketwired.com/mw/release.do?id=2031971&sourceType=3 |
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