|
|
Article: Ranger Canyon Energy Inc.: Second Loan Extension Agreement & Sale of Assets.
- Article from:
- Marketwire Canada
- Article date:
- July 22, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CALGARY, ALBERTA, Jul 22, 2009 (Marketwire via COMTEX) -- Ranger Canyon Energy Inc. ("Ranger Canyon" or the "Company") announces that it entered into a Second Extension Agreement with Alberta Treasury Branches on July 9, 2009. Amongst other things the Agreement calls for the Company to sell certain non-producing lands and related tangible assets for $150,000 by July 15, 2009 and all of its remaining assets prior to the new payment date of September 30, 2009. In addition, Ranger Canyon shall pay the lender a forbearance fee of $10,000.00 on the earlier to occur of payment in full of the loan or September 30, 2009.
On July 15, 2009 the Company completed the sale of ...