TUSCANY ENERGY LTD.
TSX VENTURE : TUS

TUSCANY ENERGY LTD.

July 17, 2012 09:00 ET

Tuscany Announces a Substantial Increase of Its Line of Credit

CALGARY, ALBERTA--(Marketwire - July 17, 2012) - Tuscany Energy Ltd. (TSX VENTURE:TUS) wishes to announce that its line of credit has been increased from $4.6 million to $8.5 million effective immediately. The line, with Alberta Treasury Branches, is currently undrawn. Tuscany also has approximately $1.8 million in working capital.

Tuscany is an oil and gas exploration and production company based in Calgary, Alberta. Tuscany's current focus is on heavy oil exploration and development in Alberta and Saskatchewan.

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 RELEASE.

Contact Information

  • Tuscany Energy Ltd.
    Robert W. Lamond
    President & CEO
    (403) 269-9889
    (403) 269-9890 (FAX)

    Tuscany Energy Ltd.
    Donald K. Clark
    Vice President Operations & COO
    (403) 269-9889
    (403) 269-9890 (FAX)