July 10 (Reuters) - Gear Energy Ltd GXE.TO :
* GEAR ENERGY LTD. ANNOUNCES COMPLETION OF BORROWING BASE REDETERMINATION
* GEAR ENERGY LTD - SYNDICATED CREDIT FACILITIES HAVE BEEN CONFIRMED AT $75 MILLION WITH A MATURITY DATE OF MAY 28, 2021
* GEAR ENERGY LTD - NEXT BORROWING BASE REDETERMINATION DATE HAS BEEN SET FOR AUGUST 31
* GEAR ENERGY LTD - PROTECTING STRENGTH OF CORPORATE BALANCE SHEET AND WILL REMAIN TOP PRIORITY
* GEAR ENERGY LTD - FORECASTING A MATERIAL REDUCTION IN OUTSTANDING NET DEBT THROUGH COURSE OF 2020
* GEAR ENERGY LTD - ESTIMATES CO WILL MAINTAIN AMPLE LIQUIDITY UNDER NEW CREDIT STRUCTURE