Rubellite Energy Inc (TSE:RBY) has released an update.
Rubellite Energy Inc., specializing in Clearwater oil exploration and development, has announced an increase in its credit facility from $52 million to $60 million, with the next evaluation due by November 2024. The company also benefits from a lowered borrowing margin by 1.5% and an extended initial term that may potentially reach May 2026 upon lender approval. This financial uplift aims to support Rubellite’s growth plans while emphasizing a commitment to ESG excellence.
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