Crocotta Energy Inc.

Crocotta Energy Inc.

October 11, 2011 06:00 ET

Crocotta Increases Bank Credit Facility

CALGARY, ALBERTA--(Marketwire - Oct. 11, 2011) - Crocotta Energy Inc. ("Crocotta") (TSX:CTA) is pleased to announce it has signed an agreement to increase its current bank credit facility by over 45% to $80 million from the previous $55 million. The increase in facility was as a result of the scheduled interim review process and will be in place until such time as year-end data is provided on or before May 31, 2012.

The increase provides Crocotta further financial flexibility to maintain or increase capital programs in carrying out its business plan.

Contact Information

  • Crocotta Energy Inc.
    Robert Zakresky
    President and Chief Executive Officer
    (403) 538-3736

    Crocotta Energy Inc.
    Nolan Chicoine
    Vice President, Finance and Chief Financial Officer
    (403) 538-3738

    Crocotta Energy Inc.
    700, 639 -5th Ave SW
    Calgary, Alberta T2P 0M9
    (403) 538-3737
    (403) 538-3735 (FAX)