Brief: Oryx Petroleum Announces Loan Settlement

Forza Petroleum

22/06/2020 18:51

Oryx Petroleum Corporation Ltd  OXC.TO :
    * ORYX PETROLEUM ANNOUNCES LOAN SETTLEMENT
    * ORYX PETROLEUM CORPORATION LTD - CO, AOG AGREED THAT LOAN
AMOUNTING TO $79.8 MILLION IS PROPOSED TO BE SETTLED IN FULL
    * ORYX PETROLEUM - HAS BEEN INFORMED THAT ZEG OIL AND GAS
LTD HAS
AGREED TO BUY COMMON SHARES, WARRANTS HELD BY AOG UPSTREAM BV
    * ORYX PETROLEUM CORPORATION - DEAL INCREASES ZEG OIL AND
GAS
OWNERSHIP STAKE IN CORPORATION TO ABOUT 89%
    * ORYX PETROLEUM CORPORATION - UPON DEAL CLOSING, IT IS
ANTICIPATED THAT JEAN CLAUDE GANDUR WILL RESIGN FROM CO'S BOARD
    * ORYX PETROLEUM CORPORATION - PREVIOUSLY ANNOUNCED SHORT
TERM
CREDIT FACILITY PROVIDED BY AOG HAS BEEN TERMINATED
    * ORYX PETROLEUM CORPORATION - CO HAD NOT DRAWN ANY AMOUNTS
UNDER
SHORT TERM CREDIT FACILITY PROVIDED BY AOG

Source text for Eikon:  ID:nCNWJBJq2a 
Further company coverage:  OXC.TO