Leader Energy Services Announces Revision to Credit Facility
May 07 2014 - 4:36PM
Marketwired Canada
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.
Forward-looking Information
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Leader Energy Services Ltd.
Rod Hauser
President & CEO
(403) 265-5400
r.hauser@leaderenergy.com
Leader Energy Services Ltd.
Jason Krueger, CFA
Executive VP & Director
(403) 265-5400
j.krueger@leaderenergy.com
Leader Energy Services Ltd.
Graham Reid, CA
VP Finance & CFO
(403) 265-5400
g.reid@leaderenergy.com
www.leaderenergy.com