Vital Energy Inc. Announces New $10 Million Credit Facility

CALGARY, Alberta, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Vital Energy Inc. (the "Corporation") (TSX-V: VUX) announces that it has entered into a loan agreement, effective December 4, 2023, with a company controlled by Mr. Hai Zhou, a director and control person of ‎the Corporation, for a $10,000,000 credit facility (the “Credit Facility”). ‎The Credit Facility matures on December 4, 2024 and ‎funds advanced bear interest at a rate of 12% per annum, payable on the maturity date. ‎

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