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VOLTAIC STRATEGIC RESOURCES LTD — Capital/Financing Update 2014
May 4, 2014
66024_rns_2014-05-04_90c9d271-ec73-4692-ad68-0e26d4325fb3.pdf
Capital/Financing Update
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ABN 66 138 145 114 16 Phillimore Street Fremantle W Australia 6160 Tel: 08 9431 7306 Fax: 08 9430 4983
5 May 2014
The Manager Companies Company Announcements Australian Securities Exchange 2 The Esplanade PERTH WA 6000
By: e-lodgement
(ASX code: IOG)
Dear Sir/Madam
New Banking Facility
The Board is pleased to announce that it has concluded agreements and drawn funds from ANB Bank (ANB) to repay existing bank facilities of $2.75m.
This term loan is repayable over four (4) years and at competitive rates of interest.
ANB has also offered up to $5M revolving line of credit to assist with acquiring additional producing oil and gas properties.
The loan is secured by mortgages over Incremental’s producing oilfields in California and Colorado.
ANB Bank is a large, independently owned bank with over 30 banking centres in Colorado, Wyoming and Kansas. Its parent company, Sturm Financial Group, Inc. is headquartered in Denver, Colorado and has over $2 billion in assets. ANB Bank provides banking and loan facilities for a number of emerging energy sector companies in the Mid-Continent USA.
Gerry McGann Managing Director
CRP02 15 New Banking Facility May0514