Jura Energy enters into Credit Facility

About this update from Jura Energy Corporation

[{"type":"text","content":"\n\n\n\n(JEC) TSX\n\n\nCALGARY, Dec. 20 /CNW/ - Jura Energy Corporation ("Jura") announced today\nthat it has entered into a credit facility agreement secured by its investment\nin $15 million face value Series A-1 notes issued by Structured Asset Trust,\nmanaged by Coventree Capital Group Inc. The agreement provides for a\n$9.75 million credit facility which may be drawn down at the option of the\nCorporation, subject to customary conditions. Loans pursuant to the facility,\nwhich expires October 31, 2008, are repayable on demand.\n\n\n"With this facility in place, we do not expect our work program for 2008\nto be affected by the liquidity issues facing the ABCP held by the Company,"\nsaid Paul Rose, Chief Financial Officer of Jura.\n\n\nAbout Jura:\n\n\nJura Energy Corporation is an international energy company engaged in the\nexploration, development and production of petroleum and natural gas\nproperties with activities conducted exclusively in Pakistan. Jura is based in\nCalgary, Alberta, and listed on the Toronto Stock Exchange trading under the\nsymbol JEC.\n\n\nForward-looking statements: This document contains statements about\nexpected or anticipated future events and financial results that are\nforward-looking in nature and, as a result, are subject to certain risks and\nuncertainties, such as general economic, market and business conditions, the\nregulatory process and actions, technical issues, new legislation, competitive\nand general economic factors and conditions, the uncertainties resulting from\npotential delays or changes in plans, the occurrence of unexpected events, and\nthe Corporation's capability to execute and implement its future plans. Actual\nresults may differ materially from those projected by management. For such\nstatements, we claim the safe harbour for forward-looking statements within\nthe meaning of the Private Securities Legislation Reform Act of 1995.\n\n\nThe Toronto Stock Exchange has neither approved nor disapproved the\n\n\ninformation contained herein.\n\n\n","length":2105,"tagName":"div"}]

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