Oryx Petroleum Corporation Ltd OXC.TO :
* ORYX PETROLEUM ANNOUNCES LOAN SETTLEMENT
* ORYX PETROLEUM CORPORATION LTD - CO, AOG AGREED THAT LOAN AMOUNTING TO $79.8 MILLION IS PROPOSED TO BE SETTLED IN FULL
* ORYX PETROLEUM - HAS BEEN INFORMED THAT ZEG OIL AND GAS LTD HAS AGREED TO BUY COMMON SHARES, WARRANTS HELD BY AOG UPSTREAM BV
* ORYX PETROLEUM CORPORATION - DEAL INCREASES ZEG OIL AND GAS OWNERSHIP STAKE IN CORPORATION TO ABOUT 89%
* ORYX PETROLEUM CORPORATION - UPON DEAL CLOSING, IT IS ANTICIPATED THAT JEAN CLAUDE GANDUR WILL RESIGN FROM CO'S BOARD
* ORYX PETROLEUM CORPORATION - PREVIOUSLY ANNOUNCED SHORT TERM CREDIT FACILITY PROVIDED BY AOG HAS BEEN TERMINATED
* ORYX PETROLEUM CORPORATION - CO HAD NOT DRAWN ANY AMOUNTS UNDER SHORT TERM CREDIT FACILITY PROVIDED BY AOG