Galleon Energy Inc.
TSX : GO

Galleon Energy Inc.

May 27, 2011 18:28 ET

Galleon Energy Inc. Announces Renewal of Bank Credit Facilities

CALGARY, ALBERTA--(Marketwire - May 27, 2011) - Galleon Energy Inc. ("Galleon") (TSX:GO) announces the renewal of its $250 million credit facilities. The credit facilities consist of a $225 million extendible 364 day revolving term facility and a $25 million non-revolving facility. The $25 million facility is available subject to mutual approval of the banking syndicate and the Corporation, including repayment terms.

The Annual and Special Meeting of shareholders of Galleon will be held at Livingston Place, 2nd floor, 222 – 3rd Avenue SW, Calgary, Alberta on June 21, 2011 at 2pm (Calgary time).

Galleon has approximately 84.0 million shares issued and outstanding which trade on the Toronto Stock Exchange under the symbol "GO".

Additional information with respect to Galleon may be accessed through the SEDAR website (www.sedar.com), at Galleon's website (www.galleonenergy.com).

Contact Information

  • Galleon Energy Inc.
    Glenn R. Carley
    Executive Chairman
    (403) 261-6012

    Galleon Energy Inc.
    Shivon Crabtree
    Vice President and Chief Financial Officer
    (403) 261-6012
    www.galleonenergy.com