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| Home : Jura Announces Enhancement of Al Baraka Financing Facility |
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Mar 21
2017 |
Jura Announces Enhancement of Al Baraka Financing Facility |
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CALGARY, ALBERTA--(Marketwired - March 20, 2017) - Jura Energy Corporation ("Jura") (TSX VENTURE:JEC) is pleased to announce that its wholly-owned subsidiary Spud Energy Pty Limited ("SEPL") has entered into a third Musharaka Agreement, with Al Baraka Bank Pakistan Limited ("ABPL"), the lead arranger, acting on behalf of itself and other participants in the syndicate, in the amount of Pakistan Rupee ("PKR") 170 million (approximately US$1.62 million using the Bank of Canada's March 17, 2017 exchange rate of PKR 104.7727 = US$1.00) pursuant to which the amount of SEPL's existing Syndicated Credit Facility has been increased from PKR 1,060 million (approximately US$10.12 million) to PKR 1,230 million (approximately US$11.74 million). |
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| Source:http://www.marketwired.com/mw/release.do?id=2204128&sourceType=3 |
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