Lycos Energy Inc. press release
Lycos Energy Inc. Announces Increase to Credit Facility
TSXV - TSX Venture Exchange · Oil · Natural Gas · Canada
Calgary, Alberta--(Newsfile Corp. - December 4, 2023) - Lycos Energy Inc. (TSXV: LCX) ("Lycos" or the "Company") is pleased to announce that it has entered into an amending agreement with the National Bank of Canada to increase its existing revolving credit facility from $35.0 million to $50.0 million. The credit facility provides added financial flexibility to support the Company's growth.
About Lycos
Lycos is an oil-focused, exploration, development and production company based in Calgary, Alberta, operating high-quality, heavy-oil, development assets in the Lloydminster, Greater Lloydminster area and Gull Lake, Saskatchewan.
Additional Information
For further information, please contact:
Dave Burton President and Chief Executive Officer T: (403) 616-3327 E: dburton@lycosenergy.com
Lindsay Goos Vice President, Finance and Chief Financial Officer T: (403) 542-3183 E: lgoos@lycosenergy.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189777
Earlier from Lycos Energy Inc.
- Lycos Energy Inc. Announces Q3 2023 Financial Results, Land Acquisition and Director Retirement
- Lycos Energy Inc. Announces Stock Option Grant
- Lycos Energy Inc. Announces Closing of Previously Announced Durham Creek Exploration Ltd. Acquisition, $35.0 Million Equity Financing and Recent Drilling Results