CALGARY, Dec. 20 /CNW/ - Jura Energy Corporation ("Jura") announced today
that it has entered into a credit facility agreement secured by its investment
in $15 million face value Series A-1 notes issued by Structured Asset Trust,
managed by Coventree Capital Group Inc. The agreement provides for a
$9.75 million credit facility which may be drawn down at the option of the
Corporation, subject to customary conditions. Loans pursuant to the facility,
which expires October 31, 2008, are repayable on demand.
"With this facility in place, we do not expect our work program for 2008
to be affected by the liquidity issues facing the ABCP held by the Company,"
said Paul Rose, Chief Financial Officer of Jura.
Jura Energy Corporation is an international energy company engaged in the
exploration, development and production of petroleum and natural gas
properties with activities conducted exclusively in Pakistan. Jura is based in
Calgary, Alberta, and listed on the Toronto Stock Exchange trading under the
Forward-looking statements: This document contains statements about
expected or anticipated future events and financial results that are
forward-looking in nature and, as a result, are subject to certain risks and
uncertainties, such as general economic, market and business conditions, the
regulatory process and actions, technical issues, new legislation, competitive
and general economic factors and conditions, the uncertainties resulting from
potential delays or changes in plans, the occurrence of unexpected events, and
the Corporation's capability to execute and implement its future plans. Actual
results may differ materially from those projected by management. For such
statements, we claim the safe harbour for forward-looking statements within
the meaning of the Private Securities Legislation Reform Act of 1995.
The Toronto Stock Exchange has neither approved nor disapproved the
information contained herein.
For further information:
For further information: Mr. Nigel McCue, President & CEO, Mr. Graham
Garner, Executive Vice President, Tel: (403) 266-6364, Fax: (403) 266-6365,
Website: www.juraenergy.com, E-Mail: email@example.com