ROK Resources gets $51.35 million in funding from Anvil Channel

By Mary-Katherine Stinson

Lexington, Ky., March 10 – ROK Resources, Inc. signed a $51.35 million senior secured term loan facility with Anvil Channel Energy Solutions, according to a press release.

Proceeds of the credit facility will be used to support the acquisition of producing oil and gas assets primarily in Saskatchewan and Alta., Canada from Federated Co-operatives Ltd. in a deal worth approximately C$72 million.

Latham & Watkins LLP and Borden Ladner Gervais LLP acted as legal counsel for Anvil Channel on the deal.

ROK Resources, headquartered in Regina, Sask., primarily engages in exploring for petroleum and natural gas development activities in Saskatchewan.

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