|Bid||0.1600 x 0|
|Ask||0.1800 x 0|
|Day's Range||0.1700 - 0.1850|
|52 Week Range||0.0550 - 0.3300|
|Beta (5Y Monthly)||3.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.24|
CALGARY, Alberta, July 17, 2020 -- Petrus Resources Ltd. ("Petrus" or the "Company") (TSX: PRQ) is pleased to announce the concurrent extension of its second lien term loan.
Petrus Resources Ltd. ("Petrus" or the "Company") (PRQ.TO) announces its syndicate of lenders has extended the borrowing base termination date on its revolving credit facility agreement from July 6, 2020, 2020 to July 13, 2020. The Company continues to be in discussions with the bank syndicate on a one year extension to the credit facility, as well as with its term loan provider on a one year extension to the term loan. While discussions are ongoing, there is no certainty, nor can the Company provide any assurance that, the one year extension to the credit facility or term loan will be completed.
Petrus Resources Ltd. (TSE:PRQ) shareholders should be happy to see the share price up 20% in the last month. But that...