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Calmena Energy Services Inc
Symbol CEZ
Shares Issued 301,523,164
Close 2014-11-28 C$ 0.015
Market Cap C$ 4,522,847
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Calmena lender extends forbearance deadline to Dec. 15

2014-11-28 22:06 ET - News Release

Mr. John King reports

CALMENA ANNOUNCES BORROWING UPDATE

Calmena Energy Services Inc. has provided an update on the status of its senior credit facilities.

On Oct. 29, 2013, Calmena and its senior lender entered into an agreement whereby the senior lender agreed to forbear from demanding payment or enforcing security with respect to amounts owing by Calmena under its credit facilities with the senior lender on certain terms. Calmena and the senior lender subsequently entered into extension agreements pursuant to which the senior lender agreed to continue to forbear from demanding payment or enforcing its security under the credit facilities until Nov. 30, 2014.

Calmena and the senior lender have agreed to an extension of the deadline to Dec. 15, 2014, to enable continued discussions with respect to a potential further extension of the deadline.

We seek Safe Harbor.

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