Brief: Oryx Petroleum To Amend Loan Agreement Dated March 13, 2015 With AOG International

Forza Petroleum

01/02/2019 12:30

Feb 1 (Reuters) - Oryx Petroleum Corporation Ltd  OXC.TO :
    * ORYX PETROLEUM ANNOUNCES CORPORATE UPDATE
    * AGREEMENT TO AMEND LOAN AGREEMENT DATED MARCH 13, 2015
WITH AOG
INTERNATIONAL HOLDINGS LIMITED
    * INTEREST UNDER AOG CREDIT FACILITY WILL CONTINUE TO ACCRUE
AT A
FIXED ANNUAL RATE OF 10.5% DURING EXTENSION PERIOD
    * ORYX PETROLEUM CORPORATION -  AMENDED LOAN AGREEMENT DATED
MARCH
13, 2015 PROVIDES FOR AN EXTENSION OF MATURITY DATE FROM JULY 1,
2019 TO JULY 1, 2020
    * ORYX PETROLEUM- ALTHOUGH ORYX PETROLEUM HAS EXECUTED 2018
AMENDMENT, EXECUTION OF AGREEMENT BY VENDOR OF HAWLER LICENSE
AREA HAS BEEN DELAYED
    * CORPORATION EXPECTS 2018 AMENDMENT TO BE EXECUTED IN DUE
COURSE,
FOLLOWED BY $11.4 MILLION DEFERRAL PAYMENT

Source text for Eikon:  ID:nCNWM0JFha 
Further company coverage:  OXC.TO 

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