Journey Energy Inc. Provides Banking Update

Journey Energy Inc. Provides Banking Update

Canada NewsWire

CALGARY, AB, Sept. 2, 2020

CALGARY, AB, Sept. 2, 2020 /CNW/ - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF) ("Journey" or the "Company") announces an extension to the forbearance agreement with its banking syndicate.

Journey reports that it has reached an agreement with its syndicate of lenders to extend the current forbearance period until September 11, 2020. Journey and its lending syndicate continue to be in discussions regarding the outstanding bank debt. This extension of the forbearance period will allow Journey and the syndicate additional time to keep pursuing a solution for the borrowings. The company will issue another update on or before September 11, 2020 as discussions progress.

No securities regulatory authority has either approved or disapproved of the contents of this press release.

SOURCE Journey Energy Inc.

View original content: http://www.newswire.ca/en/releases/archive/September2020/02/c3739.html

Copyright CNW Group 2020

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