Text Size:
A | A

DeeThree Exploration Secures $90 Million Credit Facility

Text Size: A | A
September 10, 2012

DeeThree Exploration Ltd. (DTX.TO) (DTHRF) is pleased to announce that a senior lender has committed to provide DeeThree with a $90 million revolving demand credit facility. It is anticipated that the lender will syndicate its obligations under the New Credit Facility.

Subject to finalizing the formal documentation which is expected to occur in late September 2012, the New Credit Facility will replace the Company's existing $60 million revolving demand facility and will provide DeeThree with financial resources to accelerate the development and exploitation of its Lethbridge Alberta Bakken and Brazeau ...

Already a subscriber? Log In
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription