Savoy Energy Corporation announced this morning that it has finalized an agreement with Tangiers Investors, LP for a $10 Million equity line of credit.
“We are pleased to have established this line of credit. This financing will assist our company as we move forward with our recompletion programs, as well as our plans for future growth and expansion,” commented Art Bertagnolli, CEO of Savoy Energy Corporation.
According to the press release, the financing will initiate after the company’s audits have been completed and within 30 days after the definitive financing documents have been executed.
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