Sept 23 (Reuters) - Alvopetro Energy Ltd ALV.V :
* ALVOPETRO ANNOUNCES US$15 MILLION CREDIT FACILITY
* ALVOPETRO ENERGY LTD - ALVOPETRO IS ISSUING 8.4 MILLION SHARE PURCHASE WARRANTS TO CORDIANT AND CO'S FINANCIAL ADVISERS
* ALVOPETRO ENERGY LTD - ANNOUNCES THAT CO HAS ENTERED INTO A $15 MILLION CREDIT AGREEMENT WITH CORDIANT CAPITAL INC & ITS AFFILIATES
* ALVOPETRO ENERGY LTD - FACILITY MATURES THREE YEARS FROM FIRST FUNDING DATE AND BEARS CASH INTEREST AT A RATE OF 9.5% PER ANNUM, PAYABLE MONTHLY
* ALVOPETRO ENERGY - EACH WARRANT ENTITLES HOLDER TO PURCHASE ONE COMMON SHARE OF CO, AT AN EXERCISE PRICE OF $0.60 PER COMMON SHARE
* ALVOPETRO ENERGY LTD - WARRANTS EXPIRE ON SEPTEMBER 20, 2022