Press release from Marketwire
Crocotta Increases Bank Credit Facility
Tuesday, October 11, 2011
CALGARY, ALBERTA--(Marketwire - Oct. 11, 2011) - Crocotta Energy Inc. ("Crocotta") (TSX:CTA) is pleased to announce it has signed an agreement to increase its current bank credit facility by over 45% to $80 million from the previous $55 million. The increase in facility was as a result of the scheduled interim review process and will be in place until such time as year-end data is provided on or before May 31, 2012.
The increase provides Crocotta further financial flexibility to maintain or increase capital programs in carrying out its business plan.
FOR FURTHER INFORMATION PLEASE CONTACT:
Robert Zakresky Crocotta Energy Inc. President and Chief Executive Officer (403) 538-3736
Nolan Chicoine Crocotta Energy Inc. Vice President, Finance and Chief Financial Officer (403) 538-3738
700, 639 -5th Ave SW Crocotta Energy Inc. Calgary, Alberta T2P 0M9 (403) 538-3737 (403) 538-3735 (FAX) www.crocotta.ca