Brief: Gear Energy Ltd Provides 2021 Budget Guidance

Gear Energy

17/12/2020 23:18

Dec 17 (Reuters) - Gear Energy Ltd  GXE.TO :
    * GEAR ENERGY LTD. PROVIDES 2021 BUDGET GUIDANCE, UPDATE TO
CREDIT
FACILITIES AND CONCLUSION OF STRATEGIC ALTERNATIVES PROCESS
    * GEAR ENERGY LTD - BOARD OF DIRECTORS HAVE APPROVED A $20
MILLION
CAPITAL BUDGET FOR 2021 TARGETING STABILIZED PRODUCTION
    * GEAR ENERGY LTD - HAS TERMINATED PREVIOUSLY DISCLOSED
STRATEGIC
ALTERNATIVE PROCESS
    * GEAR ENERGY - MATURITY DATE OF CREDIT FACILITIES EXTENDED
TO MAY
27, 2022 AND EXPORT DEVELOPMENT CANADA HAS BEEN ADDED TO
SYNDICATE OF LENDERS

Source text for Eikon:  ID:nCNW6kx6Ha 
Further company coverage:  GXE.TO 

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