Leader Energy Services Ltd.

Leader Energy Services Ltd.

May 07, 2014 16:35 ET

Leader Energy Services Announces Revision to Credit Facility

CALGARY, ALBERTA--(Marketwired - May 7, 2014) - Leader Energy Services Ltd. ("Leader" or the "Company") (TSX VENTURE:LEA) announced that it has reached agreement with its lender effective May 1, 2014 to combine the $1,000,000 demand non-revolving single advance loan due April 30, 2014 with the demand non-revolving single advance term loan. As a result, the entire credit facility is due September 6, 2014, and the balance outstanding on the demand non-revolving single advance term loan is $11,625,000. All other terms of the credit facility remain unchanged.

Leader provides well stimulation services in western Canada. Further information on Leader can be found under the Company's listing at www.sedar.com and on the Company's website at www.leaderenergy.com.

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This press release contains certain statements or disclosures relating to the Company that are based on the expectations of the Company as well as assumptions made by and information currently available to the Company which may constitute forward-looking information under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results or developments that the Company anticipates or expects may, or will occur in the future (in whole or in part) should be considered forward-looking information.

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 news release.

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