Trident Resources Corp. Announces Reorganization, Disposition and Financing
CALGARY, ALBERTA--(Marketwired - July 4, 2014) - Trident Resources Corp. ("Trident") announces that it has successfully reorganized its Canadian operations and disposed of 10% of those operations for gross proceeds of $107 million. Trident also announces the completion of a $95 million secured debt financing that, coupled with the disposition proceeds was used to repay its existing secured lending facilities in full and for working capital purposes.
