Xcite Energy Limited: Equity Line Facility Agreement Extension

23.04.2014  |  Marketwired

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ABERDEENSHIRE, UNITED KINGDOM -- (Marketwired - Apr 23, 2014) - Xcite Energy Limited ("Xcite Energy" or the "Company") (TSX VENTURE: XEL) (LSE: XEL) announces that it has extended the term of its existing Equity Line Facility agreement ("ELF") with Esousa Holdings, LLC by three years until 30 July 2017.

The terms and conditions of the ELF remain unchanged, with an undrawn facility amount of GBP30.84 million, to be used, subject to the terms and conditions of the ELF, at the sole discretion of the Company.



ENQUIRIES:

Xcite Energy Limited
Rupert Cole / Andrew Fairclough
+44 (0) 1483 549 063

Liberum (Joint Broker and Nominated Adviser)
Clayton Bush / Tim Graham
+44 (0) 203 100 2222

Morgan Stanley (Joint Broker)
Andrew Foster
+44 (0) 207 425 8000

Bell Pottinger
Mark Antelme / Henry Lerwill
+44 (0) 207 861 3232


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This information is provided by RNS The company news service from the London Stock Exchange



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