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| Home : Cordy Obtains Second Draw |
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Jul 28
2014 |
Cordy Obtains Second Draw |
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CALGARY, ALBERTA--(Marketwired - July 28, 2014) - Cordy Oilfield Services Inc. ("Cordy") (TSX VENTURE:CKK) announces that further to its news release dated June 9, 2014 it has satisfied certain conditions set out in the loan and security agreement with Nations Equipment Finance, LLC (the "Lender") and borrowed remaining $2.25 million available under the agreement. The aggregate principal amount borrowed is $12.5 million. A security interest in certain of Cordy's equipment was provided to the Lender with respect to the Loan. These additional proceeds of the Loan will be used for general working capital. |
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| Source:http://www.marketwired.com/mw/release.do?id=1933202&sourceType=3 |
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