Border Petroleum Corp.
TSX VENTURE : BOR

November 25, 2013 20:17 ET

Border Announces Quarterly Financials, Asset Disposition and Resignation of Director

CALGARY, ALBERTA--(Marketwired - Nov. 25, 2013) - Border Petroleum Corp. (TSX VENTURE:BOR) ("Border" or the "Corporation") announces that its September 30, 2013 unaudited condensed consolidated interim financial statements and management's discussion & analysis ("MD&A") have been filed on SEDAR on November 25, 2013 and can be viewed at www.sedar.com.

The Corporation also advises that:

  • Its demand revolving operating facility of $3.5 million has been terminated. This credit facility had not been used since September 2011.
  • It has completed the sale of 949 acres of land in the Red Earth area, not associated with the Loon River Cree Nation Block, to a mid-size producer for net proceeds of $750,000.
  • Mr. Eric Panchy has tendered his resignation as director. Border thanks Mr. Panchy for his counsel and guidance and wishes him every success in his endeavors.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Border Petroleum Corp.
    Al Kroontje
    Interim CEO
    (403) 538-8448
    (403) 444-5042 (FAX)

    Border Petroleum Corp.
    Steven Thompson
    COO
    (403) 538-8448
    (403) 444-5042 (FAX)

    Border Petroleum Corp.
    John Aihoshi
    CFO
    (403) 538-8448
    (403) 444-5042 (FAX)