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TULSA, OK and VANCOUVER, BC--(Marketwired - August 03, 2016) - Jericho Oil Corporation ("Jericho") (TSX VENTURE: JCO) (OTC PINK: JROOF) announces that, in conjunction with its private family partner, it has entered into a USD$30 million Senior Secured Revolving Credit Facility (the "Facility") with East West Bancorp, Inc. (NASDAQ: EWBC) as the sole arranger. The initial borrowing base has been set at $10 million. The Facility is available for working capital requirements, capital expenditures, acquisitions, general corporate purposes, and to support letters of credit. |
