Chinook Energy secured an $8.0 million demand revolving credit facility with a Canadian chartered bank. Borrowings under the credit facility are limited to $2.0 million subject to confirmation that the foregoing three wells of the company are on production and producing to the lender’s satisfaction. The credit facility is subject to an annual review beginning on June 1, 2017. Chinook estimates its working capital surplus to be $13.5 million at Dec.......
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