CALGARY, ALBERTA–(Marketwired – June 29, 2015) – Striker Exploration Corp. (“Striker” or the “Company”) (TSX VENTURE:SKX) is pleased to announce as a result of the scheduled review by Striker’s syndicate of Canadian chartered banks, the aggregate lending limit of the existing banking facilities remain unchanged at $55 million. The facilities consist of a $40 million revolving term facility, plus a $15 million revolving operating facility. Both facilities are to be reviewed by the lending syndicate on or before October 31, 2015.
Striker is a growth-oriented, light oil focused company operating predominantly in Alberta. Striker’s full-cycle business plan provides an excellent opportunity to position itself as a high-growth junior E&P company. With an experienced management team and a strong committed Board, growth is expected to occur through timely strategic acquisitions and drilling. Striker currently trades on the TSX Venture Exchange under ticker “SKX”.
President and Chief Executive Officer
Vice President, Finance and Chief Financial Officer
Striker Exploration Corp.
1250, 645 – 7th Avenue S.W.
Calgary, Alberta T2P 4G8