June 21 (Reuters) - Zargon Oil & Gas Ltd ZAR.TO :
* Newed and extended its committed syndicated credit
facilities with a borrowing base of $70 million, down from $88
million
* Reduced borrowing base compares with zargon's outstanding
bank debt of $64.6 million at March 31, 2016
* Credit facilities are now fully revolving until Sept 22,
with provision for a nine month extension at option of lenders
and upon request
* Zargon oil & gas ltd. Announces renewal of credit
facilities
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