American Petro-Hunter Inc. - 2012-07-09
Description
The Company entered into a three-year credit facility with ASYM Energy Partners LLC and its affiliates. The credit facility, in the amount of $10 million, is secured by all of the Company's assets. Proceeds from the loan will be utilized to fund the development drilling of oil properties located in central Oklahoma as well as acquisitions, repayment of certain accounts payable, and working capital.