CALGARY, Nov. 16, 2015 /CNW/ - LGX Oil + Gas Inc. ("LGX" or the "Company") (TSXV: OIL) has entered into a new banking facility with the Alberta Treasury Branch consisting of a $30 million revolving demand credit facility. The new facility replaces the previous $20 million revolving demand credit facility and a $10 million non-revolving term credit facility. The new facility is a borrowing base facility subject to annual review by the lender, with the next review scheduled for no later than December 31, 2015.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE LGX Oil + Gas Inc.
For further information: Trent J. Yanko, P.Eng., President + CEO; Curt Ziemer, Vice President, Finance + CFO, 4210, 525 - 8th Avenue S.W., Calgary, AB T2P 1G1, Telephone: 403-441-2345