Jura Announces Closing of Syndicated Term Finance Facility

Feb 01, 2020

CALGARY, Alberta, Feb. 01, 2020 (GLOBE NEWSWIRE) -- Jura Energy Corporation (“Jura”) is pleased to announce that its wholly-owned subsidiary, Spud Energy Pty Limited (“SEPL”), has entered into a secured long term syndicated term finance facility (the “Facility”) of Pakistan Rupees (“PKR”) 2,000 million (approximately US$12.95 million using the State Bank of Pakistan January 31, 2020 exchange rate of US$1 = PKR154.4878). The proceeds of the Facility will be utilized to re-finance existing financing facilities of SEPL and fund capital expenditures of SEPL.

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