Dominion Lending Centres Clearlease Reports Diaz Resources Ltd. (TSX:DZR) credit line cut

Dominion Lending Centres Clearlease Reports Diaz Resources Ltd. (TSX:DZR) credit line cut

VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports Diaz Resources Ltd. (TSX:DZR) says its main banker has cut the junior energy producer’s credit line nearly in half and the company has received financing help from a key shareholder to help repay its bank debt.

Calgary-based Diaz said Friday its banker had cut the company’s credit line to $3.5 million from $6 million after an annual review.

The cut reflects the reduced values of Diaz’s remaining natural gas properties because of weak gas prices.

The company has repaid $500,000 of the $3 million it owes the bank and is supposed to repay the remaining $2.5 million by May 26.

Diaz said that in light of the credit cut, the company has asked shareholders to help finance the company’s heavy oil projects in the Lloydminster area along the Alberta-Saskatchewan border,

Humboldt Capital, a principal shareholder of Diaz, has lent the company $1 million to cover the immediate loan repayment and provide working capital.

“Humboldt has participated in a number of prior Diaz financings to enable Diaz to acquire and commence development of its heavy oil properties.” Humboldt chairman Robert Lamond said in a release.

“With three of the properties currently on production, Humboldt plans to be proactive in assisting Diaz with a portion of its financing requirements.”

Diaz is focused on oil development and exploration in Alberta and Saskatchewan.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Diaz Resources Ltd. (TSX:DZR) credit line cut

VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports Diaz Resources Ltd. (TSX:DZR) says its main banker has cut the junior energy producer’s credit line nearly in half and the company has received financing help from a key shareholder to help repay its bank debt.

Calgary-based Diaz said Friday its banker had cut the company’s credit line to $3.5 million from $6 million after an annual review.

The cut reflects the reduced values of Diaz’s remaining natural gas properties because of weak gas prices.

The company has repaid $500,000 of the $3 million it owes the bank and is supposed to repay the remaining $2.5 million by May 26.

Diaz said that in light of the credit cut, the company has asked shareholders to help finance the company’s heavy oil projects in the Lloydminster area along the Alberta-Saskatchewan border,

Humboldt Capital, a principal shareholder of Diaz, has lent the company $1 million to cover the immediate loan repayment and provide working capital.

“Humboldt has participated in a number of prior Diaz financings to enable Diaz to acquire and commence development of its heavy oil properties.” Humboldt chairman Robert Lamond said in a release.

“With three of the properties currently on production, Humboldt plans to be proactive in assisting Diaz with a portion of its financing requirements.”

Diaz is focused on oil development and exploration in Alberta and Saskatchewan.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk

Dominion Lending Centres Clearlease Reports Diaz Resources Ltd. (TSX:DZR) credit line cut

VANCOUVER, BRITISH COLUMBIA – (April 29, 2011) Clearlease Reports Diaz Resources Ltd. (TSX:DZR) says its main banker has cut the junior energy producer’s credit line nearly in half and the company has received financing help from a key shareholder to help repay its bank debt.

Calgary-based Diaz said Friday its banker had cut the company’s credit line to $3.5 million from $6 million after an annual review.

The cut reflects the reduced values of Diaz’s remaining natural gas properties because of weak gas prices.

The company has repaid $500,000 of the $3 million it owes the bank and is supposed to repay the remaining $2.5 million by May 26.

Diaz said that in light of the credit cut, the company has asked shareholders to help finance the company’s heavy oil projects in the Lloydminster area along the Alberta-Saskatchewan border,

Humboldt Capital, a principal shareholder of Diaz, has lent the company $1 million to cover the immediate loan repayment and provide working capital.

“Humboldt has participated in a number of prior Diaz financings to enable Diaz to acquire and commence development of its heavy oil properties.” Humboldt chairman Robert Lamond said in a release.

“With three of the properties currently on production, Humboldt plans to be proactive in assisting Diaz with a portion of its financing requirements.”

Diaz is focused on oil development and exploration in Alberta and Saskatchewan.

Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk



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