LGX Oil + Gas Inc. Enters into $25 Million Bank Facility

CALGARY, Nov. 29, 2012 /CNW/ - GX Oil + Gas Inc. ("LGX" or the "Company") 
(TSXV: OIL) is pleased to announce that it has entered into a new $25 million 
banking facility replacing the existing $7 million facility. The new 
facility consists of a $20 million operating line and a $5 million 
acquisition/development line syndicated facility led by National Bank of 
Canada and includes Canadian Western Bank. The facility is a borrowing base 
facility subject to semi-annual review by the syndicate, with the next review 
scheduled for no later than May 1, 2013. The Company expects the facility 
will be in place by early December, subject to finalizing formal 
documentation. The closing of the previously announced bought deal financing 
along with the new credit facility provides the Company with significant 
financial flexibility to conduct its operations. 
LGX is a uniquely positioned, technically driven, junior oil and natural gas 
company with a proven management team committed to aggressive, 
cost‐effective growth of light oil reserves and production in large 
hydrocarbon in‐place assets and resource plays. LGX's common shares trade on 
the TSX Venture Exchange under the symbol OIL. 
Trent J. Yanko, P.Eng. President + CEO 
LGX Oil + Gas Inc. 4400, 525 - 8th Avenue S.W. Calgary, AB T2P 1G1 
Telephone: 403.441.2300 Fax: 403.441.2017 
Matt Janisch, P.Eng. Vice-President, Finance + CFO 
LGX Oil + Gas Inc. 4400, 525 - 8th Avenue S.W. Calgary, AB T2P 1G1 
Telephone: 403.441.2300 Fax: 403.441.2017 
SOURCE: LGX Oil + Gas Inc. 
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CO: LGX Oil + Gas Inc.
ST: Alberta
NI: OIL LOAN MNA  
-0- Nov/29/2012 23:37 GMT