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Silk Road Energy (TSXV:SLK.H) graduates to TSXV

Mining
TSXV:SLK.H
05 July 2022 14:30 (EDT)

Silk Road Energy (SLK.H) has received approval from the TSX Venture Exchange to have its shares reactivated as a Tier 2 Mining Issuer.

Beginning on Thursday, July 7, common shares of Silk Road will trade on the TSXV under the symbol SLK. 

Shareholders are not required to take any action regarding their shares as there will be no change in the CUSIP number on the shares.

In other news, Silk Road has received a $125,000 term loan from Trading Bay Oil & Gas, LLC. The loan bears an annual interest rate of eight percent and is due November 21, 2023.

Silk Road’s previously announced private placement remains open. The company has been authorized to issue up to 11,666,666 common shares.

Silk Road Energy is an Alberta-based energy company that is engaged in the exploration, development, and production of petroleum and natural gas assets.

Silk Road Energy Inc. (SLK.H) is up 33.33 per cent, trading at C$0.08 per share at 2:15 pm ET.

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