Wednesday, July 13, 2011

Lynden Energy obtains Credit Facility

Lynden Energy Corp. announced today that it has obtained a revolving line of credit in the amount of up to $50 million. This should reduce fears of further dilution.

Additionally, Texas Capital Bank of Dallas would have completed their due diligence prior to offering the line of credit. They have validated Lynden's work to date by moving forward with the Credit Facility.

This is excellent news for Lynden!

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