BRIEF-Tesla Exploration provides update to credit facility negotiations

Fri Jul 8, 2016 6:03pm EDT
 
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July 8 (Reuters) - Tesla Exploration Ltd :

* Tesla provides update to credit facility negotiations

* Continues to negotiate with UK and Canadian lenders to reach an agreement to allow company to continue to function as a going concern

* Has received notification that current agreement has been extended to July 11, 2016

* A failure to reach an agreement would have a material adverse effect on company Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)