Home > Market Activity > Get Quotes > News > News Article

Yangarra Resources Ltd.

Exchange: TSX Exchange | Oct 20, 2018, 1:15 AM EDT

$ 4.27 real time data Change Up
0.26 (6.48%)
Real-time price
Day Low 4.05
Day High 4.27

Yangarra Increases Syndicated Credit Facility to $120 million
Yangarra Increases Syndicated Credit Facility to $120 million

Canada NewsWire

CALGARY, Nov. 16, 2017 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) has increased the syndicated senior credit facility to $120 million.  The banking syndicate is led by Alberta Treasury Branches and includes Canadian Imperial Bank of Commerce and National Bank of Canada.

The facility is now comprised of a $110 million extendible revolving term credit facility and a $10 million operating facility.  All other commercial terms remain the same with the next borrowing base review scheduled for May 31, 2018. 

The increased facility allows Yangarra to shift capital spending, as necessary, from Q1 2018 into Q4 2017 to efficiently take advantage of drilling & completion services.

All reference to $ (funds) are in Canadian dollars.

Neither the TSX nor its Regulation Service Provider (as that term is defined in the Policies of the TSX) accepts responsibility for the adequacy and accuracy of this release.  

SOURCE Yangarra Resources Ltd.

View original content: http://www.newswire.ca/en/releases/archive/November2017/16/c3187.html

Jim Evaskevich, President & CEO, 403-262-9558Copyright CNW Group 2017

Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges. Market Data powered by QuoteMedia. See the QuoteMedia Terms of Use.