CALGARY, ALBERTA–(Marketwired – May 28, 2013) – Renegade Petroleum Ltd. (“Renegade” or the “Company”) (TSX VENTURE:RPL), a light oil focused development and production company with assets located in Saskatchewan, Alberta, Manitoba and North Dakota, is pleased to announce that based on the annual borrowing base review, its lenders have agreed to increase the credit facility to $335 million from the previous $325 million. The syndicate of banks is led by National Bank Financial and TD Securities.
CORPORATE INFORMATION
Renegade’s common shares trade on the TSX Venture Exchange under the symbol “RPL”. Renegade currently has approximately 203.1 million common shares outstanding and 212.1 million fully-diluted common shares.
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.
Renegade Petroleum Ltd.
Michael Erickson
President & CEO
(403) 355-8922
Renegade Petroleum Ltd.
Alex Wylie
Vice-President, Finance & CFO
(403) 410-3376
www.renegadepetroleum.com