Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/financial/money/gale-force-increases-short-term-loan-to-us600000.shtmlGale Force increases short-term loan to US$600,000
Gale Force Petroleum Inc. has received the second of two disbursements pursuant to a short-term loan facility
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Gale Force Petroleum Inc. has received the second of two disbursements pursuant to a short-term loan facility entered into on March 7, 2014, for an aggregate US$600,000 (the "Short-term Loan").
"The proceeds of the Short-term Loan will be used by the Company to pay for key investments in core properties, continuing our reactivation program to maintain and increase oil and gas production," said Michael McLellan, Chief Executive Officer.
