Hyduke Energy Services Inc. announced that it has entered into a 12-month secured credit facility with Pillar Capital Corp. for CAD 1,500,000 and has received confirmation on the repayment in full of its operating line and has satisfied all outstanding conditions with the National Bank of Canada. The Credit Facility is secured by certain assets of the company (some registered in second position) with the guarantors being the company and each of its wholly owned subsidiaries. The Credit Facility bears interest at 1.75% per month on daily balances outstanding and payments will be made monthly, with the first three months to be interest payments drawn from an interest reserve account that has been established from an advance on the Credit Facility. Thereafter, monthly principal and interest payments shall be made by the Company, with a balloon payment due at the end of the term. The loan and security agreements and corresponding closing documents have been completed.