|
| Home : Strata-X Enters Into Loan Facility With Prefontaine Consulting Pty Ltd. |
|
Nov 27
2012 |
Strata-X Enters Into Loan Facility With Prefontaine Consulting Pty Ltd. |
|
GOLDEN, COLORADO, and VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 27, 2012) - Strata-X Energy Ltd (TSX VENTURE:SXE) ("Strata-X" or the "Company") has entered into a loan agreement with Prefontaine Consulting Pty Ltd. ("Prefontaine"), a company owned and controlled by director and Chairman of the Company, Ron Prefontaine whereby Prefontaine will provide the Company with a loan facility for up to two $AUD million dollars ($2,000,000). The terms of this agreement would see funding available on an as needed basis bearing an interest rate equal to 6.5%. The outstanding portion of the loan will become fully due and payable by the earlier of November 9, 2014 or 10 business days following the Company being listed on the Australian Stock Exchange. |
|
|
|
| Source:http://www.marketwire.com/mw/release.do?id=1730618&sourceType=3 |
| |
|
Related News
|
» Raging River Exploration Inc. Announces Increase to Bought Deal Equity Financing to $68.9 Million
» Raging River Exploration Inc. Announces Dodsland Viking Acquisitions, $56 Million Bought Deal Financing, Expanded Credit Facility and Increased 2012 Guidance
|
|
|
