Yangarra Increases Credit Facility to $21 million

About this update from Yangarra Resources Ltd.

[{"type":"text","content":"\n\n\n May 19, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\nCALGARY, May 19 /CNW/ - Yangarra Resources Ltd. ("Yangarra" or "the Company") (TSXV:YGR) is pleased to announce that it has increased its existing credit facility agreement with Alberta Treasury Branches ("ATB") to $21,000,000. The facility will be increased to $18.5 million immediately and planned monthly increases based on production levels will move the facility to $21 million by September 2011. The terms of the facility remain unchanged.\nThe additional credit facility space further strengthens our balance sheet and will provide increased flexibility as the Company advances the drilling program in Central Alberta.\n\nNeither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy and accuracy of this release.\n\n\n\nJames Glessing, Chief Financial Officer, at (403) 262-9558\n\n","length":1983,"tagName":"div"}]

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