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Pacific Oil Co. Enters Financing Agreement

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April 8, 2014

Las Vegas-based Pacific Oil Co., which operates in Saskatchewan, entered into an agreement for a $1 million financing with The Herman Companies Inc., the company said April 7.

The financing will support Pacific Oil’s business strategy this year and will also support its acquisition schedule, the company said.

Company vice president Ed Loven said, "Having additional capital available to speed up both our announced acquisitions and operational efforts is a positive development for Pacific Oil and its shareholders. Besides accelerating current initiatives, a financing of $1,000,000 should provide us with ...

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