Connacher Extends May 31, 2014 Credit Facility Renewal Date and Obtains Senior Lender Consent to Covenant Waiver

 Connacher Extends May 31, 2014 Credit Facility Renewal Date and Obtains Senior  Lender Consent to Covenant Waiver  CALGARY, May 5, 2014 /CNW/ - On May 2, 2014 Connacher Oil and Gas Limited (CLL  - TSX; "Connacher" or the "Company") received unanimous consent from the  lenders under the Amended and Restated Senior Secured Revolving Credit  Facility (the "Credit Facility") to extend the maturity date from May 31, 2014  to July 31, 2014 and to waive the requirement to comply with Total  Consolidated Debt to Total Capitalization Ratio covenant under Credit Facility  at March 31, 2014 and June 30, 2014.  About Connacher Connacher is a Calgary-based in-situ oil sands developer, producer and  marketer of bitumen. The Company holds a 100 per cent interest in  approximately 500 million barrels of proved and probable bitumen reserves and  operates two steam assisted gravity drainage facilities located on the  Company's Great Divide oil sands leases near Fort McMurray, Alberta.    SOURCE  Connacher Oil and Gas Limited  Chris Bloomer Chief Executive Officer  Greg Pollard Chief Financial Officer  Connacher Oil and Gas Limited Phone:  (403) 538-6201 Fax: (403) 538-6225 Suite 900, 332 - 6th Avenue SW Calgary,  Alberta T2P 0B2 inquiries@connacheroil.com www.connacheroil.com  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/May2014/05/c6495.html  CO: Connacher Oil and Gas Limited ST: Alberta NI: OIL  
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