Stocks in play: Grande West Transportation Group Inc.
Announced that it has secured a new credit facility for up to $20 million. The Royal Bank of Canada is providing a revolving credit loan for up to $20,000,000 in Canadian dollar Prime Rate loans, U.S. Base Rate loans, Letters of Credit and Letters of Guarantee. The credit facility will be used to refinance certain outstanding indebtedness, ongoing working capital requirements and retires the Company's current $4.3 million U.S. credit facility. Grande West Transportation Group Inc.