July 8 (Reuters) - Tesla Exploration Ltd TXL.TO :
* Tesla provides update to credit facility negotiations
* Continues to negotiate with UK and Canadian lenders to
reach an agreement to allow company to continue to function as a
going concern
* Has received notification that current agreement has been
extended to July 11, 2016
* A failure to reach an agreement would have a material
adverse effect on company
Source text for Eikon: ID:nCNW9jQG5a
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