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Tesla Exploration Ltd.

09:57 AM EST - Tesla Exploration Ltd. : Continues to negotiate with its U.K. and Canadian lenders to reach an agreement regarding the Company's immediate future. The Company has received notification that the current agreement has been extended to July 22. A failure to reach an agreement would have a material adverse effect on the Company including the possibility of the Company being placed into receivership. Tesla Exploration Ltd.
shares T.TXL are trading unchanged at $0.51.