Yangarra Resources Ltd.

Yangarra Resources Ltd.

November 15, 2010 18:25 ET

Yangarra Obtains $9.0 Million Credit Facility

CALGARY, ALBERTA--(Marketwire - Nov. 15, 2010) - Yangarra Resources Ltd. ("Yangarra" or "the Company") (TSX VENTURE:YGR) is pleased to announce that it has entered into a credit facility agreement with Alberta Treasury Branches ("ATB") to provide a new revolving operating loan in the amount of $9,000,000. The terms of the facility are on a normal commercial basis priced at ATB prime plus 1% rate.

The credit facility is subject to a May 31, 2011 review unless the Company requests an earlier review date and is currently drawn down for less than $1.0 million. The Company's credit facility with its previous banker has been paid out and cancelled.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release.

Contact Information

  • Yangarra Resources Ltd.
    James Evaskevich
    (403) 262-9558