AIMCo increases Razor Energy loan facility to $45 mln
Razor Energy Corp (TSX-V: RZE), a Calgary junior oil and gas company, has secured an increase of $15 million in its non-revolving term loan facility from Alberta Investment Management Corp (AIMCo). The increase brings the facility to $45 million in total. Razor, which is focused on acquiring and enhancing producing properties located in Alberta, said it will use the proceeds for its development program and other priorities. AIMCo, which entered into a financing partnership with Razor in 2017, was issued additional common shares as a result of the deal.
17 January 2018•4 mins read
