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| Home : Rock Energy Inc. Provides Update on Credit Facilities |
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Jan 28
2016 |
Rock Energy Inc. Provides Update on Credit Facilities |
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CALGARY, ALBERTA--(Marketwired - Jan. 27, 2016) - Rock Energy Inc. (TSX:RE) ("Rock" or the "Corporation") announces that in light of recent industry conditions, Alberta Treasury Branches has rescinded its agreement to implement the syndicated credit facilities announced on December 10, 2015. As a result, Rock will maintain its existing credit facilities with its current lender (the "Current Credit Facility"). The Current Credit Facilities provide for a borrowing base of $75 million with an agreement by the Corporation to cap drawn balances to $65 million. The Current Credit Facility is being reviewed by the existing lender. |
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| Source:http://www.marketwired.com/mw/release.do?id=2091823&sourceType=3 |
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