XXL Energy Secures Loan for New Wells Completion

XXL Energy (TSE:XL) has released an update.

XXL Energy Corp. secures a $2.3 million business loan from Jonah Bank of Wyoming to fund the completion of three new wells, slated to be operational by late October 2024. The loan, backed by a company director’s corporation as guarantor, carries a variable interest rate and is set to mature one year from the agreement date.

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