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Gold/Mining/Energy : Centurion Energy Intl Inc

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From: Cal Gary12/28/2005 10:34:51 AM
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Centurion boosts credit to $150-million (U.S.)

Centurion Energy International Inc (TSX:CUX)
Shares Issued 88,576,985
Last Close 12/23/2005 $11.26
Wednesday December 28 2005 - News Release

Mr. Said Arrata reports

CENTURION INCREASES BANK CREDIT FACILITY

Centurion Energy International Inc. has increased the size of its existing credit facility with Standard Bank PLC from $40-million (U.S.) to $150-million (U.S.), of which $100-million (U.S.) is now immediately available. The remaining $50-million (U.S.) will be available to Centurion based upon the company meeting certain conditions prescribed by Standard Bank Plc.

The credit facility has been put in place to give Centurion maximum flexibility to supplement the company's expected cash flow in financing its planned 2006 exploration and development programs or other acquisition opportunities that may arise.

© 2005 Canjex Publishing Ltd.
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