Brief: Bnk Petroleum Says Board Has Decided To Reduce Its Size

Kolibri Global Energy

05/10/2020 13:40

Oct 5 (Reuters) - Bnk Petroleum Inc  BKX.TO :
    * BNK PETROLEUM - BOARD HAS DECIDED TO REDUCE SIZE OF BOARD
    * BNK PETROLEUM - DIRECTORS FORD NICHOLSON, GENERAL WESLEY
CLARK
AND VICTOR REDEKOP ARE NOT STANDING FOR RE-ELECTION AT ANNUAL
MEETING
    * BNK PETROLEUM - PLANS TO CHANGE ITS NAME TO KOLIBRI GLOBAL
ENERGY INC
    * BNK PETROLEUM INC - PLANS TO CONCURRENTLY CHANGE ITS TSX
TICKER
SYMBOL TO KEI
    * BNK PETROLEUM - UNIT BNK US HAS RECEIVED ITS BANK
BORROWING BASE
REDETERMINATION ON ITS REVOLVING LINE OF CREDIT FROM BOKF
    * BNK PETROLEUM INC - REDETERMINATION MOVED BNK US BORROWING
BASE
TO $22 MILLION
    * BNK PETROLEUM INC - BNK US AGREED TO MAKE FUTURE PRINCIPAL
PAYMENTS TO FURTHER REDUCE BORROWING BASE TO $18.6 MILLION BY
MAY 2021

Source text for Eikon:  ID:nCNWwGmPBa 
Further company coverage:  BKX.TO 

 ((Reuters.Briefs@thomsonreuters.com;))