|By Marketwired .||
|July 28, 2014 01:11 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 07/28/14 -- Cordy Oilfield Services Inc. ("Cordy") (TSX VENTURE: CKK) announces that further to its news release dated June 9, 2014 it has satisfied certain conditions set out in the loan and security agreement with Nations Equipment Finance, LLC (the "Lender") and borrowed remaining $2.25 million available under the agreement. The aggregate principal amount borrowed is $12.5 million. A security interest in certain of Cordy's equipment was provided to the Lender with respect to the Loan. These additional proceeds of the Loan will be used for general working capital.
Forward Looking Statements
This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. All statements included herein, other than statements of historical fact, constitute forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of certain assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Cordy's disclosure documents on the SEDAR website at www.sedar.com. Cordy does not undertake to update any forward-looking information except in accordance with applicable securities laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.