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Twin Butte's Debt Load Called In by Lenders

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   |    Wednesday,June 08,2016

Twin Butte Energy Ltd. announces that its bank syndicate has not extended the maturity date of Twin Butte’s $85 million non-revolving credit facility past June 7, 2016 and has not extended the expiry of the revolving period of Twin Butte’s $140 million revolving credit facility past June 7, 2016.

Unless otherwise agreed to by the lenders, the lenders will be entitled to make a demand for the full repayment of the amounts owing under such credit facilities on June 10, 2016, after which the lenders may elect to enforce their security.


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