03:57 PM EST - Oando Energy Resources Inc. : announced that it has entered into a second facility agreement with Oando Plc, the 94.6% shareholder of the Company, pursuant to which Oando Energy Resources will borrow $200 million U.S., at an annual interest rate of 5%, repayable in cash by February 28, 2014. Oando Energy Resources Inc.
shares T.OER are trading unchanged at $1.66.
