CALGARY, Alberta, April 30 /PRNewswire-FirstCall/ -- FEC Resources Inc. (BULLETIN BOARD: FECOF, Frankfurt/Munich: FE8) ("FEC") announces that it has secured its fiscal 2009 operational funding through a loan from Philex Mining Corporation. The loan bears interest at Libor plus three percent and is repayable by 31 December 2010, though extendable upon agreement.
FEC Resources Inc. holds a diverse portfolio of oil, gas, coal, and gold assets located in the Philippines through its shareholdings in Forum Energy Plc and Lascogon Mining Corporation.
For further information email info@fecresources.com. On behalf of the Board of, FEC Resources, Inc. "Barry Stansfield" Barry Stansfield Chairman
This release contains "forward looking statements" as per Section 21E of the US Securities and Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Management is currently reviewing many options and there is no assurance that they will not make decisions other than those now contemplated. The Company is subject to political risks and operational risks identified in documents filed with the Securities and Exchange Commission, including changing and depressed oil prices, unsuccessful drilling results, change of government and political unrest in its main area of operations.
For more information please contact Larry Youell at (403) 290-1676 e-mail info@FECResources.com or visit the FEC Resources website at http://www.fecresources.com/
FEC Resources Inc.
CONTACT: Larry Youell, +1-403-290-1676, info@FECResources.com, of FEC
Resources Inc.
Web Site: http://www.fecresources.com/
