Yangarra Increases Syndicated Credit Facility to $175 million

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Yangarra Resources Ltd.

Oct 03, 2018, 18:05 ET

CALGARY, Oct. 3, 2018 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or the "Company") (TSX:YGR) has completed its semi-annual redetermination of borrowing base and as a result has increased the syndicated senior credit facility to $175 million.  The banking syndicate is led by Alberta Treasury Branches and includes Canadian Imperial Bank of Commerce and National Bank of Canada.

All reference to $ (funds) are in Canadian dollars.

Neither the TSX nor its Regulation Service Provider (as that term is defined in the Policies of the TSX) accepts responsibility for the adequacy and accuracy of this release.  

SOURCE Yangarra Resources Ltd.

please contact Jim Evaskevich, President & CEO 403-262-9558.

Organization Profile

Yangarra Resources Ltd.

CORPORATE PROFILE Yangarra Resources Ltd. is a junior oil and gas company engaged in the exploration, development and production of natural gas and oil with operations in Western Canada, with a main focus on Central Alberta, where the Company has extensive infrastructure...