TORONTO, Oct. 08, 2021 (GLOBE NEWSWIRE) -- Eurogas International Inc. (CSE: EI) (the “Corporation”), in furtherance of its restructuring efforts, today announced that it has repurchased - from Dundee Corporation - debt in the amount of C$6,668,191.19 for nominal consideration. This debt will be cancelled thereby improving the Corporation’s working capital. In order to be successful, this restructuring will require the purchase and/or cancellation of additional debt, if possible.
ABOUT EUROGAS INTERNATIONAL
Eurogas International Inc. is an independent oil and gas exploration company listed on the Canadian Securities Exchange (www.cnsx.ca) under the symbol EI.
For further information, please contact:
Bruce Sherley, Acting Chief Executive Officer