BRIEF-Tesla provides credit facility update

Thu Jun 30, 2016 9:34pm EDT
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June 30 (Reuters) - Tesla Exploration Ltd

* Canadian lender has extended availability of company's demand credit facility in Canada to July 8, 2016

* Uk demand overdraft facility remains at £1.8 million subject to reductions at any time

* Make no assurances with respect to its ability to reach an agreement

* Failure to reach an agreement would have a material adverse effect on company

* Continues to work with both its UK and Canadian lenders to achieve an agreement

* Tesla provides credit facility update Source text for Eikon: Further company coverage: (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780)