CF Energy Received Credit Facility from China Everbright Bank
June 15 2021 - 5:30PM
CF Energy Corp. (TSX-V: CFY) (“CF Energy” or the “Company”,
together with its subsidiaries, the “Group”), a leading new energy
service provider in the People’s Republic of China (the ”PRC” or
“China”), is pleased to announce that one of the wholly-owned
subsidiaries of the Company has received the approval for a credit
facility of RMB50 million (approx. CAD$9.5 million) (the “Credit
Facility”) from China Everbright Bank, Sanya Branch, Hainan
province, the PRC (“CEB”) for a period of one year, renewable at
the request of the Borrower, subject to credit reassessment and
approval by CEB. The Credit Facility, which is guaranteed by
another wholly-owned subsidiary of the Company, is for working
capital purposes and charges and fees are be determined and agreed
upon each drawdown up to the overall limit of facility.
About CF Energy Corp. (Previously known as: Changfeng
Energy Inc.)
CF Energy Corp. is a Canadian public company
currently traded on the Toronto Venture Exchange (“TSX-V”) under
the stock symbol “CFY”. It is an integrated energy provider and
natural gas distribution company (or natural gas utility) in the
PRC. CF Energy strives to combine leading clean energy technology
with natural gas usage to provide sustainable energy to its
customer base in the PRC. In 2009, CF Energy was recognized as
being one of China’s the Top Ten Most Influential Brands in the
Natural Gas Industry and in 2019, ranked amongst the 2019 TSX
Venture 50 top performers on the TSXV for the 2018 year.
CONTACT INFORMATION
Corporate Investment
RelationsInvestor.relations@changfengenergy.cn
Charles WangExecutive Assistant to CEO & Chair of the
Boardzhaoyu.wang@changfengenergy.cn
Frederick WongDirector of the
Boardfred.wong@changfengenergy.cn
Mike LiuVP Capital Marketmike.liu@changfengenergy.cn
Forward-Looking Statements
Certain statements contained in this news
release constitute forward-looking statements and forward-looking
information (collectively, “Forward-Looking Statements”). All
statements, other than statements of historical fact, included or
incorporated by reference in this document are forward-looking
statements —including statements regarding activities, events or
developments that the Company expects or anticipates may occur in
the future. These forward-looking statements can be identified by
the use of forward-looking words such as “will”, “expect”,
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given that the plans, intentions or expectations or assumptions
upon which these forward-looking statements are based will prove to
be correct and the forward-looking statements included in this news
release should not be unduly relied upon. Though management
believes that the expectations outlined in such forward-looking
statements are reasonable, there can be no assurance that such
expectations will materialize. Such-looking statements are not a
guarantee of performance and involve known and unknown risks,
uncertainties, assumptions, and other factors that may cause the
actual results, performance or achievements to deviate materially
from the anticipated results, performance or achievements or
developments expressed or implied by such forward-looking
statements. These factors include, without limitation, significant
and continuing adverse changes in general economic conditions or
conditions in the financial markets. Readers are cautioned that all
forward-looking statements involve risks and uncertainties,
including those risks and uncertainties detailed in the
Corporation’s filings with applicable Canadian securities
regulatory authorities, copies of which are available at
www.sedar.com. The Company urges readers to carefully consider
these factors. The forward-looking statements included in this news
release are made as of the date of this document and the Company
disclaims any intention or obligation to update or revise any
forward-looking Statements, whether as a result of new information,
future events or otherwise, except as expressly required by
applicable securities legislation. This news release neither
constitutes an offer to sell nor a solicitation of offers to buy
any of the securities described herein. Accordingly, undue reliance
should not be placed on its contents.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
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