An initial advance of the Loan in the amount
The amount of
Cordy used a portion of the proceeds of the Loan to repay all indebtedness owed to its former principal lender. The balance of the proceeds will be used to pay transaction expenses and for general working capital.
Additional information on Cordy is available on our website www.cordy.ca or on SEDAR at www.sedar.com.
This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. All statements included herein, other than statements of historical fact, constitute forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of certain assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation's disclosure documents on the SEDAR website at www.sedar.com. The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.
FOR FURTHER INFORMATION PLEASE CONTACT: For general or investor relations information, please contact:
David Mullen, Chairman and CEO (403) 266-2067 (403) 266-2087 (FAX) firstname.lastname@example.org Source: Cordy Oilfield Services Inc.