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Hammerhead Resources bumps up borrowing base to C$350 million
Chicago, Jan. 17 – Hammerhead Resources Inc. (formerly Canadian International Oil Corp.) worked with its syndicate of lenders to increase its borrowing base to C$350 million from C$300 million on its credit facilities, according to a press release.
The increase was a result of a semiannual redetermination and effective as of Dec. 15.
Royal Bank of Canada was also added to the lending syndicate.
Hammerhead is a Calgary, Alta.-based privately held oil and gas producer.
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