Ryland Oil Increases Debt Financing for Royalty Acquisition
2010年4月15日 - 7:49AM
Marketwired
Ryland Oil Corporation (TSX VENTURE: RYD) ("Ryland" or "the
Company") announces that it is increasing the amount of a
syndicated loan announced on March 29, 2010 from CDN$3.5 million to
CDN$6.5 million. Loan proceeds will be used for the acquisition of
royalties from third parties on leases held by the Company's
subsidiary, Pebble Petroleum Inc. and for general working capital.
Ryland is not obligated to draw down the full amount of the loan
and will issue bonus shares to the lenders only with respect to
proceeds which are actually advanced. All other terms of the loan
are as announced in the Company's news release of March 29, 2010.
The loan and the purchases of royalties are subject to regulatory
approval.
Gerald J. Shields, President
Issued and Outstanding: 198,327,535
Neither 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.
Contacts: Ryland Oil Corporation Mr. Jim Welykochy
Vice-President Corporate Development 403.861.1242
Ryland Oil Corp (TSXV:RYD)
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