Aug 27 (Reuters) - Dalmac Energy Inc:
* Completes refinancing
* Says in addition, the company has secured a $4 million line of credit with a
Canadian chartered bank
* Says entered into an agreement to sell to Babic and lease back the company's
property in Fox Creek
* Line of credit facility is committed for two year term,at interest rate of
3.75% above bank's prime lending rate
* Fox Creek, Alberta property leased at $650,000, paid by way of assumption of
mortgage and a promissory note
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* Completes refinancing
* Says in addition, the company has secured a $4 million line of credit with a
Canadian chartered bank
* Says entered into an agreement to sell to Babic and lease back the company's
property in Fox Creek
* Line of credit facility is committed for two year term,at interest rate of
3.75% above bank's prime lending rate
* Fox Creek, Alberta property leased at $650,000, paid by way of assumption of
mortgage and a promissory note
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.