Brief: Saturn Oil & Gas Announces $20 Mln Senior Secured Note Facility With Prudential Capital Group

Saturn Oil & Gas

14/09/2018 18:48

Sept 14 (Reuters) - Saturn Oil & Gas Inc  SOIL.V :
    * ANNOUNCES USD $20 MILLION SENIOR SECURED NOTE FACILITY
WITH
PRUDENTIAL CAPITAL GROUP
    * SAYS SATURN HAS ELECTED AND QUALIFIED FOR INITIAL ISSUANCE
OF
NOTES EQUAL TO APPROXIMATELY USD $4.6 MILLION
    * SAYS TO USE MAJORITY OF PROCEEDS TO EXPAND DEVELOPMENT OF
VIKING
LIGHT OIL & SUCCESS HEAVY OIL ASSETS IN WEST-CENTRAL
SASKATCHEWAN
    * SAYS PORTION OF NET PROCEEDS OF INITIAL NOTE ISSUANCE WILL
ALSO
BE USED TO RETIRE CERTAIN OF COMPANY'S EXISTING AND HIGHER
INTEREST DEBT

Source text for Eikon:  ID:nGNX9VJxnP 
Further company coverage:  SOIL.V 

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