Ceiba Energy Services Inc.
TSX VENTURE : CEB

Ceiba Energy Services Inc.

July 02, 2014 20:08 ET

Ceiba Energy Services Inc. Announces Extension of Mezzanine Loan

CALGARY, ALBERTA--(Marketwired - July 2, 2014) -

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Ceiba Energy Services Inc. ("Ceiba" or the "Company") (TSX VENTURE:CEB) announces it has entered into a three month extension of the $5.1 million mezzanine loan, subject to TSX Venture Exchange approval, with Quest Capital Management Corp., Earlston Investments Corp. and individual investors that was due and payable June 30, 2014. The loan can be repaid within the first month without additional fees. Should the Company extend the repayment beyond July 31, 2014, a fee of 0.75% will be due on a monthly basis until the loan is repaid.

Investor Relations Change

As at June 30, 2014, the Company has not renewed the contract with investor relations consultant Todd Hanas.

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About Ceiba Energy Services Inc.

Ceiba provides specialized services to the energy sector, specifically to companies involved in the exploration, extraction and production of oil and natural gas throughout Western Canada. Ceiba develops and constructs facilities in proximity to its customers to provide treatment of crude oil emulsion, terminalling, storage and marketing of oil and disposal of production water.

Contact Information

  • Ceiba Energy Services Inc.
    Peter Cheung
    Chief Financial Officer and Corporate Secretary
    403-262-2783