Brief: Athabasca Oil Corp Announces Renewal Of Its Credit Facility

Athabasca Oil

01/06/2020 14:13

June 1 (Reuters) - Athabasca Oil Corp  ATH.TO :
    * ATHABASCA OIL CORPORATION ANNOUNCES RENEWAL OF ITS CREDIT
FACILITY
    * ATHABASCA OIL CORP - CO'S BANKING SYNDICATE HAS RENEWED
RESERVE-BASED FACILITY UNTIL NOVEMBER 30
    * ATHABASCA OIL CORP - AS AT MAY 31, HAS CASH & CASH
EQUIVALENTS
OF ABOUT $330 MILLION INCLUSIVE OF RESTRICTED CASH
    * ATHABASCA OIL -  CONTINUES TO PURSUE OPPORTUNITIES TO
ACCESS
CREDIT SUPPORT OFFERED BY GOVERNMENT OF CANADA
    * ATHABASCA OIL CORP - CREDIT FACILITY HAS BEEN REDUCED TO
$42
MILLION & IS SECURED BY CO'S CASH BALANCES

Source text for Eikon:  ID:nGNX3vspfQ 
Further company coverage:  ATH.TO 

 (Reuters.Briefs@thomsonreuters.com)