Western Canada Energy Ltd. Expands Canadian Western Bank Credit Facility
Calgary, Alberta CANADA, November 07, 2008 /FSC/ - Western Canada Energy Inc. (WCE - TSX Venture), (the "Corporation") has entered into an amending loan agreement to expand its existing credit facility to a limit of $4.5 million from the current limit of $3.0 million. The interest rate payable on monies borrowed under the expanded facility will be prime plus 2.5%, an increase of 0.5%. Approximately $2.4 million is currently drawn on this facility.
For further information please contact:
Daniel P. O'Neill,
Chief Executive Officer
or
R. W. Shepherd, President,
Chief Financial Officer and Corporate Secretary
Western Canada Energy Ltd.
Telephone (403) 266-0955
Email: info@wcenergy.ca
Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. These statements speak only as of the date of this presentation. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements.
The TSX venture exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this release.
Source: Western Canada Energy Ltd. (WCE - TSX-V) http://www.wcenergy.ca
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