Prairie Provident Resources (TSE:PPR) has released an update.
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Prairie Provident Resources has secured an extension of its senior secured credit facility with modified covenants and initiated a $13.2 million equity rights offering, with a substantial $12 million commitment, to fund a capital program that includes drilling new wells. These strategic financial moves are aimed at enhancing the company’s financial flexibility and accelerating the development of its oil assets.
For further insights into TSE:PPR stock, check out TipRanks’ Stock Analysis page.
