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| Home : Zargon Oil & Gas Ltd. Announces Renewal of Credit Facilities |
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Jun 11
2013 |
Zargon Oil & Gas Ltd. Announces Renewal of Credit Facilities |
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CALGARY, ALBERTA--(Marketwired - June 11, 2013) - Zargon Oil & Gas Ltd. (TSX:ZAR)(TSX:ZAR.DB) ("Zargon") has renewed and extended its committed syndicated credit facilities and the lenders thereunder have confirmed a borrowing base of $165 million, an amount which remains unchanged from the prior year. The credit facilities are now fully revolving until June 25, 2014, with the provision for an annual extension at the option of the lenders and upon request from Zargon. If not extended, the credit facilities would have to be fully repaid one year later. |
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| Source:http://www.marketwire.com/mw/release.do?id=1800709&sourceType=3 |
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