Brief: Exall Energy announces LOI with Viking Investments Group Inc

Viking Energy

09/02/2015 18:00

Feb 9 (Reuters) - Exall Energy Corp  EE.TO : 
 * Announces letter of intent with Viking Investments Group Inc regarding 
   proposed loan transaction 
 * Viking expressed interest in loaning Exall up to C$35 million to enable Exall 
   to repay indebtedness to Alberta treasury branches 
 * LOI contemplates respect to the proposed loan a term for five years; 8% 
   interest rate computed annually 
  * Source text for Eikon  ID:nMKWq4MpJa  
 * Further company coverage  EE.TO  
 
 
 ((Bengaluru Newsroom; +1 646 223 8780))