Petrus Resources Announces Extension to Credit Agreement

Jun 20, 2020

CALGARY, Alberta, June 19, 2020 (GLOBE NEWSWIRE) -- Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) announces its syndicate of lenders has extended the borrowing base termination date on its revolving credit facility agreement from June 22, 2020 to June 29, 2020. The Company continues to be in discussions with the bank syndicate on a one year extension to the credit facility, as well as with its term loan provider on a one year extension to the term loan. While discussions are ongoing, there is no certainty, nor can the Company provide any assurance that, the one year extension to the credit facility or term loan will be completed.

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