Term“) of the existing $4,000,000 loan facility (the “
Facility“) with an insider of the Company (the “
Lender“) was, by mutual consent of the Company and the Lender, extended to December 31, 2024. Amounts can be drawn, repaid and redrawn by the Company at any time during the Term and borrowings under the Facility are payable on demand to the Lender on 60 days written notice. The Facility can be cancelled at any time by the Lender on 60 days written notice. There is no amount drawn on the Facility at this time.
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Pine Cliff Energy Ltd. Announces Extension of Insider Loan Facility, Changes to Board of Directors and Provides Information Regarding Annual and Special Meeting of Shareholders
TSX: PNE) (
Term ) of the existing $4,000,000 loan facility (the
Facility ) with an insider of the Company (the
Lender ) was, by mutual consent of the Company and the Lender, extended to December 31, 2024. Amounts can be drawn, repaid and redrawn by the Company at any time during the Term and borrowings under the Facility are payable on demand to the Lender on 60 days written notice. The Facility can be cancelled at any time by the Lender on 60 days written notice. There is no amount drawn on the Facility at this time.