CALGARY, May 19 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or "the Company") (TSXV:YGR) is pleased to announce that it has increased its existing credit facility agreement with Alberta Treasury Branches ("ATB") to $21,000,000. The facility will be increased to $18.5 million immediately and planned monthly increases based on production levels will move the facility to $21 million by September 2011. The terms of the facility remain unchanged.
The additional credit facility space further strengthens our balance sheet and will provide increased flexibility as the Company advances the drilling program in Central Alberta.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release.
SOURCE Yangarra Resources Ltd.
For further information: James Glessing, Chief Financial Officer, at (403) 262-9558