CALGARY, AB, Sept. 11, 2020 /CNW/ - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") announces a further extension to the forbearance agreement with its banking syndicate.
Journey reports that it has reached an agreement with its syndicate of lenders to extend the current forbearance period until September 30, 2020. Journey and its lending syndicate continue to be in discussions regarding the outstanding bank debt. This extension of the forbearance period will allow Journey and the syndicate additional time to keep pursuing a solution for the borrowings. The company will issue another update on or before September 30, 2020 as discussions progress.
No securities regulatory authority has either approved or disapproved of the contents of this press release.
SOURCE Journey Energy Inc.
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Alex G. Verge, President and Chief Executive Officer, 403-303-3232, alex.verge@journeyenergy.ca or Gerry Gilewicz, Chief Financial Officer, 403-303-3238, gerry.gilewicz@journeyenergy.ca; Journey Energy Inc., 700, 517 - 10th Avenue SW, Calgary, AB T2R 0A8, 403-294-1635, www.journeyenergy.caCopyright CNW Group 2020