Daybreak Settles $12.6 Million Debt with its Primary Lender SPOKANE VALLEY, Wash., Jan. 03, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Daybreak Oil and Gas, Inc. (OTC PINK: ) ("Daybreak" or the "Company"), a Washington corporation, is pleased to announce that it finalized an agreement to settle all of its outstanding indebtedness under the existing credit facility with Maximilian Resources, LLC ("Maximilian") through the payment of $700,000 on December 27, 2018 which will eliminate approximately $12.6 million in debt from its Balance Sheet. The Company also acquired an additional 40% wor...
Summary Daybreak Oil and Gas Inc (Daybreak) is an oil and gas company that offers exploration, production, and development of oil and natural gas. The company’s operational projects include Twin Bottoms Field Project, Kentucky and East Slopes Project, California. Its East Slopes project is located in the southeastern part of the San Joaquin Basin near Bakersfield, California and holds several reservoirs at Sunday, Black, Bear, Ball and Dyer Creek locations. Daybreak’s Twin Bottoms Field pro...
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