CALGARY, Jan. 27, 2016 /PRNewswire/ - Bankers Petroleum
Ltd. ("Bankers" or the "Company") (TSX: BNK; AIM:
BNK) announces that it has re-filed its Management's Discussion and
Analysis of financial results for the three and nine months ended
September 30, 2015 (the
"MD&A") as a result of a review by the Alberta
Securities Commission pursuant to its ongoing continuous disclosure
review program. This was done in an effort to clarify and expand
upon its continuous disclosure regarding the financial covenants
contained in the Company's credit facilities.
The MD&A has been re-filed to include additional disclosure
in respect of the financial covenants to which the Company is
subject to pursuant to the terms of its credit facilities,
including calculations and related explanations of the Company's
compliance with such covenants. Additional disclosure has also been
provided regarding provisions relating to the availability of funds
pursuant to the credit facilities provided by the International
Finance Corporation and the European Bank for Reconstruction and
Development.
In connection with the re-filing of the MD&A, the Company
has filed Form 52-109F2R certificates for each of the Company's
Chief Executive Officer and Chief Financial Officer pursuant to the
provisions of National Instrument 52-109 – Certification of
Disclosure in Issuer's Annual and Interim Filings.
The re-filed MD&A and related Form 52-109F2R certificates
are available under the Company's profile on www.sedar.com.
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About Bankers Petroleum Ltd.
Bankers Petroleum Ltd. is a Canadian-based oil and gas
exploration and production company focused on developing large oil
and gas reserves. In Albania, Bankers operates and has the full
rights to develop the Patos-Marinza heavy oilfield, has a 100%
interest in the Kuçova oilfield, and a 100% interest in Exploration
Block "F". Bankers' shares are traded on the Toronto Stock
Exchange and the AIM Market in London,
England under the stock symbol BNK.
SOURCE Bankers Petroleum Ltd.