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HOUSTON, TEXAS--(Marketwire - Jan. 8, 2013) - Cub Energy Inc. ("Cub" or the "Company") (TSX VENTURE:KUB), a Ukraine-focused upstream oil and gas company, announces the Company's indirectly held 30% subsidiary, KUB-Gas LLC ("KUB-Gas"), has made a prepayment to the European Bank for Reconstruction and Development ("EBRD") in the amount of USD 10.0 million under the terms of the EBRD loan agreement ("Loan"). KUB-Gas will also make a regularly scheduled principle payment in the amount of USD 935,897 on January 15, 2013. Following these repayments, the outstanding balance of the EBRD loan after January 15, 2013 will be USD 10,294,872. |
