Greenfields Petroleum Corporation Announces Tenth Amending Agreement under its Senior Secured Debt and Change of Auditors

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Greenfields Petroleum Corporation Announces Tenth Amending Agreement under its Senior Secured Debt and Change of Auditors

HOUSTON, TEXAS--(Marketwired - March 31, 2017) - Greenfields Petroleum Corporation (the "Company" or "Greenfields") (TSX VENTURE:GNF) announces that it has entered into a Tenth Amending Agreement to the Loan Agreement with its senior lender, Vitol Energy (Bermuda) Ltd., to facilitate a deferral of the prepayment obligation in the amount of U.S. $500,000 due on March 31, 2017, until the earlier of the Maturity Date or voluntary prepayment.

Furthermore, on February 21, 2017, the Company filed notice of Change of Auditor advising of the replacement of its previous auditors, Calvetti Ferguson, P.C., with Pannell Kerr Forster of Texas, P.C. ("PKF"). The change was initiated after Calvetti Ferguson gave notice to the board of directors of Greenfields that their firm would no longer perform audits for Canadian registrants and 10k filers. PKF was selected and engaged by the Company's Audit Committee to perform the year end 2016 audit for Greenfields.

About Greenfields Petroleum Corporation

Greenfields is a junior oil and natural gas corporation focused on the development and production of proven oil and gas reserves principally in the Republic of Azerbaijan. The Company focuses on the development of previously discovered but under-developed international oil and gas fields, also known as "greenfields". More information about the Company may be obtained on the Greenfields website at www.greenfields-petroleum.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Greenfields Petroleum Corporation
John W. Harkins
Chief Executive Officer
(832) 234-0836

Greenfields Petroleum Corporation
A. Wayne Curzadd
Chief Financial Officer
(832) 234-0835
www.greenfields-petroleum.com
[email protected]

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).