10:56 AM EST - InPlay Oil Corp. : Provides an operations update and announce the completion of the annual renewal of its syndicated Senior Credit Facility. InPlay’s Senior Credit Facility remains unchanged in lending capacity and has been renewed at $79 million comprised of a $65-million revolving facility and the remaining $14-million term facility. The borrowing base of the revolving facility has been reconfirmed at the same amount of $65 million and the term out date extended to November 30. In addition to the Senior Credit Facility, the Company’s $25-million four-year term facility with the Business Development Bank of Canada remains in place, providing InPlay with $104 million of total lending capacity. InPlay Oil Corp.
shares T.IPO are trading down $0.01 at $2.96.
