Vecta Energy Corporation
TSX VENTURE : VER

October 29, 2009 12:00 ET

Vecta Energy Corporation Enters Into Secured Loan Agreements

CALGARY, ALBERTA--(Marketwire - Oct. 29, 2009) - Vecta Energy Corporation ("Vecta")(TSX VENTURE:VER) today announced that it has entered into nine Secured Loan Agreements with Directors of the Company as well as other related parties that will provide the Company with $500,000 in funds. These proceeds will be used to retire the Company's bank loan and for other corporate purposes. The Secured Loans mature on November 1, 2010 and have an interest rate of 15%, payable on maturity. There is provision for early redemption by the Company. The Secured Loan holders will receive security equivalent to the security held by the Bank, being all of the Company's interests in petroleum and natural gas rights and other assets of the Company.

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