| Home : June 2012 : June 01, 2012 News : Skope Energy Inc. Announces an Ammendment to Credit Facility and the Monetization of A Portion of Its Hedging Position |
Skope Energy Inc. Announces an Ammendment to Credit Facility and the Monetization of A Portion of Its Hedging Position |
June 01, 2012
CALGARY, ALBERTA--(Marketwire - May 31, 2012) - Skope Energy Inc. ("Skope" or the "Company") (TSX:SKL) announced today that it has signed an amendment to its existing credit facility ("Credit Facility") whereby the lender has agreed to extend the revolving period of the Credit Facility to June 30, 2012. The Company has also agreed with the lender to negotiate in good faith a forbearance agreement before June 30, 2012 and to monetize a portion of its hedging program with net proceeds to be applied to outstanding bank debt.
http://www.marketwire.com/mw/release.do?id=1664110&sourceType=3
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