Brief: Jericho Oil announces $30 mln credit facility

Jericho Energy Ventures

03/08/2016 12:30

Aug 3 (Reuters) - Jericho Oil Corp  JCO.V  : 
    * Jericho oil announces new joint $30 million credit 
facility 
    * Jericho Oil Corp says  facility matures on July 29, 2018 
    * Jericho Oil Corp says facility will bear interest at a 
rate of WSJ prime plus 75 basis points and will be payable 
monthly 
    * Jericho Oil Corp says initial borrowing base has been set 
at $10 million 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nMKWThB1ba 
Further company coverage:  JCO.V  
 
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