July 5 (Reuters) - Tesla Exploration Ltd TXL.TO
* Provides update to the Matco Guarantee and credit facility
negotiations
* Its Canadian lender has called remaining undrawn portion
of $2.5 million Matco guarantee in amount of $976,730
* $2.5 million indebtedness bears interest at 10% per annum
* Says company and its lenders continue to explore
alternatives
* Total amount owing to Matco Investments Ltd is now $2.5
million
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