Jura Energy Corporation
TSX : JEC

Jura Energy Corporation

August 26, 2009 06:30 ET

Jura Sells ABCP

CALGARY, ALBERTA--(Marketwire - Aug. 26, 2009) - Jura Energy Corporation ("Jura") (TSX:JEC) announced the sale of its entire remaining $10.0 million face value holdings in Asset Backed Commercial Paper ("ABCP") replacement notes for net proceeds of $4.2 million, a price which represents $0.50 per $1.00 of the aggregate of the face value of the Series A1 and A2 replacement notes held. The sale closed on Monday, August 24, 2009. Concurrent with the closing of the sale of the ABCP replacement notes, Jura retired the entire $6.5 million balance outstanding on its credit facility with HSBC Bank Canada.

About Jura:

Jura Energy Corporation is an international energy company engaged in the exploration, development and production of petroleum and natural gas properties with activities conducted exclusively in Pakistan. Jura is based in Calgary, Alberta, and listed on the Toronto Stock Exchange trading under the symbol JEC. Jura Energy Corporation conducts its business in Pakistan through its subsidiaries, Frontier Holdings Limited and Pyramid Energy International Inc., as well as through its 50% interest in the Kandra Power Company (Pvt) Limited.

Forward-looking statements: This document contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Corporation's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

Contact Information

  • Jura Energy Corporation
    Mr. Graham Garner
    President & CEO
    (403) 266-6364
    (403) 266-6365 (FAX)
    or
    Jura Energy Corporation
    Mr. Paul Rose
    VP Finance & CFO
    (403) 266-6364
    (403) 266-6365 (FAX)
    Email: info@juraenergy.com
    Website: www.juraenergy.com