TSX SYMBOL: ZAR ZARGON OIL & GAS LTD. ANNOUNCES TERMINATION OF FINANCING AGREEMENT AND SALE OF US SUBSIDIARIES

TSX SYMBOL: ZAR ZARGON OIL & GAS LTD

CALGARY, Alberta, April 02, 2020 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) announces that it has entered into an agreement to settle its US$3.05 million term debt through the sale of its US subsidiaries for nominal proceeds and the release of the Company from its obligations under the loan agreement.
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