ABERDEENSHIRE, UNITED KINGDOM
-- (Marketwired)
-- 04/23/14
Xcite Energy Limited (TSX
VENTURE: XEL) (LSE: XEL)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART
DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO
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SUCH JURISDICTION
TSX-V: XEL; LSE: XEL
14 April 2014
Xcite Energy Limited
("Xcite Energy" or the "Company")
Equity Line Facility Agreement Extension
Xcite Energy announces that it has extended the term of its existing
Equity Line Facility agreement ("ELF") with Esousa Holdings, LLC by
three years until 30 July 2017.
The terms and conditions of the ELF remain unchanged, with an undrawn
facility amount of GBP30.84 million, to be used, subject to the terms and
conditions of the ELF, at the sole discretion of the Company.
ENQUIRIES:
+44 (0) 1483 549 063
Xcite Energy Limited
Rupert Cole / Andrew Fairclough
Liberum (Joint Broker and Nominated Adviser) +44 (0) 203 100 2222
Clayton Bush / Tim Graham
Morgan Stanley (Joint Broker) +44 (0) 207 425 8000
Andrew Foster
Bell Pottinger +44 (0) 207 861 3232
Mark Antelme / Henry Lerwill
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 release.
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