21:57:30 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Vital Energy Inc
Symbol VUX
Shares Issued 82,699,971
Close 2024-04-03 C$ 0.225
Market Cap C$ 18,607,493
Recent Sedar Documents

Vital Energy lender assigns $10-million credit facility

2024-04-03 17:22 ET - News Release

Mr. Yingchuan Wu reports

VITAL ENERGY ANNOUNCES NEW LENDER UNDER EXISTING CREDIT FACILITY

Further to Vital Energy Inc.'s Dec. 5, 2023, news release, the company's existing $10-million credit facility has been assigned from the existing lender, a company controlled by Hai Zhou (a director and control person of the corporation), to an arm's-length third party lender. The terms of the credit facility remain unchanged, such that the credit facility matures on Dec. 4, 2024, and funds advanced bear interest at a rate of 12 per cent per annum, payable on the maturity date.

Vital Energy is a publicly traded junior oil and gas company, the primary focus of which is light and medium crude oil production in Western Canada.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.