Nextraction Announces Loan ExtensionFebruary 2, 2012
Vancouver, BC - Nextraction Energy Corp. (TSX-V: NE) (the "Company" or "Nextraction"), has extended its $1,500,000 Bridge Loan Facility agreement with Anthem Capital Corp. ("Anthem"). The facility is now repayable in full on February 29, 2012, an extension of one month. All other terms of the agreement remain unchanged.
For additional information with respect to Nextraction's Bridge Loan from Anthem, please see Nextraction's press release dated October 3, 2011.
About Nextraction Energy Corp.
Nextraction Energy Corp. is a Canadian junior oil and natural gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. The Company's model is the "next round of extraction on known plays." Nextraction targets oil focused projects along trends with known reserves that provide low risk, high return development opportunities in both conventional and unconventional resource projects.
For further information on behalf of Nextraction Energy Corp., please contact:
Scott D. Badcock
Chief Financial Officer
Nextraction Energy Corp.
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