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Cequence Energy Ltd.

03:45 PM EST - Cequence Energy Ltd. : Announced certain amendments to the Company's senior credit facilities following a scheduled bank review with its syndicate of lenders. As part of such amendments, the Company's borrowing base under the credit facilities has been redetermined at $20 million and the total debt to EBITDA covenant was removed. The revised borrowing base is anticipated to result in lower standby fees charged on unutilized amounts available under the credit facilities. As at March 31, 2016 the Company's credit facilities were undrawn. Cequence Energy Ltd.
shares T.CQE are trading up $0.005 at $0.33.