CALGARY, May 26, 2015 /CNW/ - Ikkuma Resources Corp. ("Ikkuma" or the "Corporation") (TSXV: IKM) is pleased to report that its' $75 million syndicated credit facility ("Facility") has been renewed with no material changes to the existing terms and conditions thereof. The Facility will revolve for a 364 day period and will be subject to its next 364 day extension on or about July 29, 2016. The available lending limits are reviewed semi-annually and are based on the bank syndicate's interpretation of the Corporation's reserves and future commodity prices. The next scheduled borrowing base review will be on or before October 31, 2015.
Ikkuma Resources Corp. is a diversified junior public oil and gas company listed on the TSXV under the symbol "IKM", with holdings in both conventional and unconventional projects in Western Canada. The technical team has worked together for over a decade in the Foothills Region of Western Canada, through two successful, publicly traded companies. The unique skills and repeat success at exploiting a complex, potentially prolific play type are fundamental ingredients for a successful growth-oriented company in Western Canada. Corporate information can be found at: www.ikkumarescorp.com.
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SOURCE Ikkuma Resources Corp.