Lynden Energy Corp. - 2011-07-13

Description

The company reports that its wholly owned subsidiary, Lynden USA Inc., has executed a preliminary term sheet with Texas Capital Bank of Dallas, Texas which contemplates the provision of a three year reducing revolving line of credit in an amount up to US$50 million. If implemented, the credit facility will provide for an initial borrowing base of US$9.5 million.

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Estimated Price
$50.0MM
Financing Type
Report Date