Tuscany announces the renewal of the company's credit facility, unchanged, at $8.5 million
Publish date: 07/23/2015
The following is for immediate release in Canada, July 22, 2015
TUSCANY ANNOUNCES THE RENEWAL OF THE COMPANY'S CREDIT FACILITY, UNCHANGED, AT $8.5 MILLION
Calgary, Alberta, July 22, 2015, Tuscany Energy Ltd. (TUS-TSXV) is pleased to announce that following the annual review by the Company's lender, the Company's credit facility has been renewed at $8.5 million with its terms and amount remaining unchanged from the previous credit facility.
Tuscany's net debt is currently approximately $6.5 million.
Tuscany has filed a copy of the Credit Facility agreement on SEDAR.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Robert W. Lamond, President & CEO
TUSCANY ENERGY LTD.
Telephone: (403) 269-9889
Fax: (403) 269-9890
TSX Venture: TUS
Charles A. Teare, Executive Vice President & CFO
TUSCANY ENERGY LTD.
Telephone: (403) 269-9889
Fax: (403) 269-9890
www.tuscanyenergy.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.