The terms of the Term Loan Facility are materially unchanged from the previous Amended Term Loan Facility established in
As consideration for the Term Loan Facility,
The Company is grateful for its partnership with AIMCo and appreciates the continued support from AIMCo as both a major shareholder and senior lender.
TERM LOAN
Concurrent with the AIMCo extension, a subsidiary of Razor entered into a new term loan agreement with an affiliate of
The Term Loan will be repaid over 29 months commencing
About FutEra
FutEra leverages
About Blade
Operating in west central
www.blade-es.com
About
Contact:
Tel: (403) 262-0242
FORWARD-LOOKING STATEMENTS:
This press release contains forward-looking statements. More particularly, this press release contains statements concerning, but not limited to, the Company's extension of its' term loan facility, debt financing, related royalty sale, corporate structure and well reactivation plans. In addition, the use of any of the words 'anticipate', 'believe', 'intend', 'is', 'will', 'expect' and similar expressions are intended to identify forward-looking statements.
The forward-looking statements are based on certain key expectations and assumptions made by the Company, including but not limited to expectations and assumptions concerning the continued availability of capital, current legislation, receipt of required regulatory approvals, the timely performance by third-parties of contractual obligations, the success of reactivation, drilling and development activities, the performance of existing wells, the performance of new wells, the Company's growth strategy, general economic conditions, availability of required equipment and services, prevailing commodity prices, price volatility, price differentials and the actual prices received for the Company's products. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward- looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, risks associated with the oil and gas industry and geothermal electricity projects in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; variability in geothermal resources; as the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), electricity and commodity price and exchange rate fluctuations, changes in legislation affecting the oil and gas and geothermal industries and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Please refer to the risk factors identified in the annual information form and management discussion and analysis of the Company which are available on SEDAR at www.sedar.com.
In addition, the effects, risks and impacts related to widespread pandemic outbreaks, including the coronavirus disease (COVID -19), and any related actions taken by businesses and governments, may affect the ongoing results, commodity prices, industry conditions and activity levels, currency exchange rates, financial positions or results of the Company, and such effects, risks and impacts are unknown at this time and could cause the Company's actual results to differ materially from the forward-looking statements contained herein.
The forward-looking statements contained in this press release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
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