11:34 AM EST - Primeline Energy Holdings Inc. : has confirmed the financing for its share of the costs of the LS36-1 gas field development. Primeline and its affiliate company Primeline Petroleum Corp. secured support from China Development Bank for their share of the Development cost in May 2010 when a loan memorandum was signed. In November 2012, CDB, Primeline and PPC entered into a revised Loan Memorandum which was approved in principle by CDB's credit committee in January 2013. It was originally intended that the financing would be by way of a simple bilateral loan. However, in May 2014, CDB decided to syndicate the project finance loan. Primeline Energy Holdings Inc.
shares V.PEH are trading up $0.07 at $0.50.
