(JEC) TSX
CALGARY, Dec. 20 /CNW/ - Jura Energy Corporation ("Jura") announced today that it has entered into a credit facility agreement secured by its investment in $15 million face value Series A-1 notes issued by Structured Asset Trust, managed by Coventree Capital Group Inc. The agreement provides for a $9.75 million credit facility which may be drawn down at the option of the Corporation, subject to customary conditions. Loans pursuant to the facility, which expires October 31, 2008, are repayable on demand.
"With this facility in place, we do not expect our work program for 2008 to be affected by the liquidity issues facing the ABCP held by the Company," said Paul Rose, Chief Financial Officer of Jura.
About Jura:
Jura Energy Corporation is an international energy company engaged in the exploration, development and production of petroleum and natural gas properties with activities conducted exclusively in Pakistan. Jura is based in Calgary, Alberta, and listed on the Toronto Stock Exchange trading under the symbol JEC.
Forward-looking statements: This document contains statements about expected or anticipated future events and financial results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, the regulatory process and actions, technical issues, new legislation, competitive and general economic factors and conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events, and the Corporation's capability to execute and implement its future plans. Actual results may differ materially from those projected by management. For such statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.
The Toronto Stock Exchange has neither approved nor disapproved the
information contained herein.