BRIEF-Jericho Oil announces $30 mln credit facility

Wed Aug 3, 2016 7:46am EDT
 
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Aug 3 (Reuters) - Jericho Oil Corp :

* Jericho oil announces new joint $30 million credit facility

* Jericho Oil Corp says facility matures on July 29, 2018

* Jericho Oil Corp says facility will bear interest at a rate of WSJ prime plus 75 basis points and will be payable monthly

* Jericho Oil Corp says initial borrowing base has been set at $10 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)