June 19 (Reuters) - Cub Energy Inc KUB.V :
* Cub Energy Inc. announces capital investment for Western Ukraine operations
* Contracted to purchase a new nitrogen rejection unit to re-commence production on its wholly-owned RK field in Western Ukraine
* Company will also continue to optimize used NRU it purchased in 2016; however it is not expected to yield material production
* New nitrogen rejection unit is expected to be operational in Ukraine by year end
* New NRU is expected to cost approximately US $1.6 million with half this amount due in first 30 days
* Says company will also issue 2.2 million common shares to lender as a loan bonus
* To fund purchase of NRU, company will utilize cash on hand and will borrow U.S. $1 million from an officer of company
* To fund NRU purchase, company will utilize cash on hand and will borrow US $1 million from an officer of company Source text for Eikon: ID:nCCNVBSzja Further company coverage: KUB.V