Nov 13 - Border Announces Quarterly Financials, Asset Disposition and Resignation of Director

Source Press Release
Company Border Petroleum Limited 
Tags Asset Deals, Deals, Strategy - Upstream, People, Upstream Activities
Date November 25, 2013

Border Petroleum Corp. (TSX VENTURE:BOR) ("Border" or the "Corporation") announces that its September 30, 2013 unaudited condensed consolidated interim financial statements and management's discussion & analysis ("MD&A") have been filed on SEDAR on November 25, 2013 and can be viewed at www.sedar.com.

The Corporation also advises that:

  • Its demand revolving operating facility of $3.5 million has been terminated. This credit facility had not been used since September 2011.
  • It has completed the sale of 949 acres of land in the Red Earth area, not associated with the Loon River Cree Nation Block, to a mid-size producer for net proceeds of $750,000.
  • Mr. Eric Panchy has tendered his resignation as director. Border thanks Mr. Panchy for his counsel and guidance and wishes him every success in his endeavors.
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