NGEx Announces New Credit Facility

VANCOUVER, June 12, 2019 /CNW/ – NGEx Resources Inc. (“NGEx” or the “Company”) (TSX:NGQ) (Nasdaq Stockholm:NGQ) is pleased to announce that it has entered into a new US$10,000,000 credit facility (the “Facility”), from Zebra Holdings and Investments S.à.r.l. (the “Lender”) a company controlled by a trust settled by the late Adolf H. Lundin, and an insider of the Company.

The Facility is evidenced by a debenture (the “Debenture”) which is unsecured and has a term of 18 months ending December 12, 2020 (the “Maturity Date”). No interest is payable during the term of the Debenture, however,

Source: NGEx Announces New Credit Facility

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.