Rangeford Resources, Inc. Announces Increase and Extension in Revolving Credit Note
SOUTHLAKE, Texas, May 19, 2016 /PRNewswire/ -- Rangeford Resources, Inc. (OTCQB:RGFR). Rangeford Resources, Inc. (the "Company" or "Rangeford") announces the increase and extension of its Revolving Credit Note from Cicerone Corporate Development, LLC ("Cicerone") from $750,000 to $1,250,000. In the Second Amendment of the Revolving Credit Note also extended the maturity date February 1, 2017.
Thomas E. Lindholm, Chief Executive Officer, stated, "We are pleased to successfully conclude the negotiations on the increase and extension of our credit facilities with Cicerone. The Revolving Note increase allows management to execute its strategic plan to take advantage of opportunities available in the market."
Harry McMillan, Cicerone's Managing Member on Behalf of the CE McMillan Family Trust, stated, "We have watched our investment since 2013 and we are excited about the appointment of Thomas Lindholm as CEO. Mr. Lindholm's vision and strategic plan are well thought out and give us confidence to increase our funding commitment to Rangeford now."
About Rangeford Resources, Inc.: Rangeford Resources, Inc. is a Texas-based, oil and gas exploration and production company. For further information on the Company, please visit our website www.rangeford-resources.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" (statements which are not historical facts) made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations rather than historical facts and they are indicated by words or phrases such as "anticipate," "could," "may," "might," "potential," "predict," "should," "estimate," "expect," "project," "believe," "plan," "envision," "continue," "intend," "target," "contemplate," or "will" and similar words or phrases or comparable terminology. We have based such forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, many of which are beyond our control. These factors include, but are not limited to, the time to consummate the proposed development, completion and extraction; the timing and extent of changes in market conditions and prices for natural gas and oil; the timing and extent of the Company's success in discovering, developing, producing and estimating reserves; the economic viability of, and the Company's success in drilling, the Company's ability to fund the acquisition, development, completion and extraction of oil and gas assets and the Company's planned capital investments; the Company's future property acquisition or divestiture activities; increased competition; and any other factors listed in the reports the Company has filed and may file with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on these forward-looking statements, which reflect the Company's expectations only as of the date they were made. The Company undertakes no obligation to update or revise any forward-looking statements to reflect new information or the occurrence of unanticipated events or otherwise. Investors are urged to consider closely the disclosure in our most recent Annual Report on Form 10-K and in our other filings, available from our website at www.rangeford-resources.com or by written request to 556 Silicon Drive, Suite 103, Southlake, Texas 76092. These items are also available on the SEC's website at www.sec.gov.
SOURCE Rangeford Resources, Inc.
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