February 2, 2017 / 6:20 PM / in 10 months

BRIEF-QUATTRO EXPLORATION SIGNS BINDING TERM SHEET FOR REVOLVING CREDIT FACILITY

Feb 2 (Reuters) - Quattro Exploration And Production Ltd

* SIGNED BINDING TERM SHEET WITH ADVISCO CAPITAL SECURED REVOLVING CREDIT FACILITY, SECURED TERM LOAN OF C$15 MILLION

* PROPOSED LOAN NEGOTIATED WITH ADVISCO FOR PURPOSE OF SATISFYING ALL AMOUNTS OUTSTANDING TO CO‘S SENIOR SECURED LENDER

* ADDITIONAL DEBTOR-IN-POSSESSION FINANCING WAS APPROVED BY COURT PURSUANT TO CCAA PROCESS Source text for Eikon: Further company coverage:

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