Striker Exploration Corp.
TSX VENTURE : SKX

Striker Exploration Corp.

June 30, 2015 07:00 ET

Striker Exploration Corp. Announces Renewal of Banking Facilities

CALGARY, ALBERTA--(Marketwired - June 29, 2015) - Striker Exploration Corp. ("Striker" or the "Company") (TSX VENTURE:SKX) is pleased to announce as a result of the scheduled review by Striker's syndicate of Canadian chartered banks, the aggregate lending limit of the existing banking facilities remain unchanged at $55 million. The facilities consist of a $40 million revolving term facility, plus a $15 million revolving operating facility. Both facilities are to be reviewed by the lending syndicate on or before October 31, 2015.

ABOUT STRIKER

Striker is a growth-oriented, light oil focused company operating predominantly in Alberta. Striker's full-cycle business plan provides an excellent opportunity to position itself as a high-growth junior E&P company. With an experienced management team and a strong committed Board, growth is expected to occur through timely strategic acquisitions and drilling. Striker currently trades on the TSX Venture Exchange under ticker "SKX".

Contact Information

  • Doug Bailey
    President and Chief Executive Officer

    Neil Burrows
    Vice President, Finance and Chief Financial Officer

    Striker Exploration Corp.
    1250, 645 - 7th Avenue S.W.
    Calgary, Alberta T2P 4G8
    (403) 262-0242