Rampart Energy Ltd.

Position:INSIDE ALASKA BUSINESS - New facility - Brief article

Rampart Energy Ltd. announced the successful completion of a landmark funding facility and operational update of its North Slope project in Alaska.

Rampart advises it has closed an ACES-based Credit Facility with Melody Business Finance LLC, the loan origination arm of Melody Capital Partners, LP, to provide funding to support the ongoing exploration program on the North Slope. The execution of this Facility is hugely beneficial for Rampart and its shareholders as it ensures the seismic portion of the exploration program is funded.

The $50 million Facility will now fund a large percentage of the...

To continue reading