Ceiba Energy Services Inc. Announces $1.5 Million Senior Credit Facility and Completion of Management Warrant Exercise - WLOX.com - The News for South Mississippi

Ceiba Energy Services Inc. Announces $1.5 Million Senior Credit Facility and Completion of Management Warrant Exercise

Posted: Updated:

CALGARY, ALBERTA / ACCESSWIRE / March 5, 2014 / Ceiba Energy Services Inc. (“Ceiba”, or the “Company”), (TSXV:CEB) is pleased to announced that it has entered into a senior credit facility (“Credit Facility”) with Alberta Treasury Branches (“ATB”) for the amount of $1.5 million. Proceeds of the loan will be used for capital expenditures on the Company’s facilities and for general working capital.

“This senior credit facility is another step forward for Ceiba in reducing our cost of capital for our growth initiatives” said Shankar Nandiwada, CFO, “and we are delighted to establish a lending relationship with ATB.”

Further, management of Ceiba has completed the previously announced intention to exercise 490,000 warrants at an exercise price of $0.50 for total proceeds to the company of $245,000.

About Ceiba Energy

Ceiba provides specialized services to the energy sector, specifically to companies involved in the exploration, extraction and production of oil and natural gas in under serviced market space throughout Western Canada. Ceiba develops and constructs facilities in proximity to its customers to provide treatment of crude oil emulsion, terminalling, storage and marketing of oil and disposal of production water.

Reader Advisory

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 the accuracy of this release.

Ceiba Energy Services Inc.

For further information, please contact:

Shankar Nandiwada CFO

Tel: 403-262-2783

Todd Hanas

Investor Relations Tel: 1-866-869-8072

Email: thanas@ceibaenergy.com

Please visit Ceiba’s website at: www.ceibaenergy.com

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

ReleaseID: 412698

  • Most Popular StoriesMost Popular StoriesMore>>

  • Two injured Omega Protein plant workers speak out

    Two injured Omega Protein plant workers speak out

    Thursday, July 31 2014 6:54 AM EDT2014-07-31 10:54:16 GMT
    Two of the men injured in the Omega Protein explosion on Monday are speaking out about the deadly blast. In an exclusive interview with WLOX, the men describe what happened, and how they survived.More >>
    Two of the men injured in the Omega Protein explosion on Monday are speaking out about the deadly blast. In an exclusive interview with WLOX News, the men describe what happened that day, and how they survived.More >>
  • Prostitution sting nets 31 arrests

    Prostitution sting nets 31 arrests

    Tuesday, April 20 2010 11:21 PM EDT2010-04-21 03:21:00 GMT
    31 people are in trouble with the law after a three day prostitution sting in Richmond. Police told NBC12 they targeted specific areas where residents and business owners complained about the illegal activity.More >>
  • Fire destroys the Old Cuevas Bistro

    Fire destroys the Old Cuevas Bistro

    Thursday, July 31 2014 10:30 AM EDT2014-07-31 14:30:03 GMT
    "Destroyed," is how Harrison County Fire Marshal Pat Sullivan described the aftermath of the fire at the Old Cuevas Bistro on Menge Avenue.
    More >>
    The owner of the Old Cuevas Bistro near Pass Christian says she does have insurance, and she hopes to rebuild. Rebuilding became necessary after a late night fire ripped through her restaurant. "Destroyed," is how Harrison County Fire Marshal Pat Sullivan described the aftermath of the fire at the Old Cuevas Bistro on Menge Avenue.More >>
Powered by WorldNow

208 DeBuys Road
Biloxi, MS 39531
(228) 896-1313

FCC Public File
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and WLOX. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.