Brief: CGX Energy, Frontera Announce Execution Of Farm-In Joint Venture Agreement, Bridge Loan

CGX Energy

01/02/2019 11:21

Feb 1 (Reuters) - CGX Energy Inc  OYL.V :
    * CGX ENERGY AND FRONTERA ANNOUNCE EXECUTION OF FARM-IN
JOINT
VENTURE AGREEMENT AND BRIDGE LOAN
    * CGX ENERGY INC - CGX AND FRONTERA ARE ALSO PLEASED TO
ANNOUNCE
TODAY THAT THEY HAVE ENTERED INTO AN AMENDED AND RESTATED BRIDGE
LOAN AGREEMENT
    * CGX ENERGY INC - FRONTERA HAS AGREED TO EXTEND TERM OF
CGX'S
APRIL 25, 2018 BRIDGE LOAN TO SEPTEMBER 30, 2019
    * CGX ENERGY- FRONTERA HAS OPTION TO CONVERT UP TO US$8.8
MILLION
PRINCIPAL AMOUNT OF LOAN INTO CGX COMMON SHARES AT CONVERSION
PRICE OF US$0.22 PER SHARE

Source text for Eikon:  ID:nPn3ynw6La 
Further company coverage:  OYL.V 

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