Dec 17 (Reuters) - Gear Energy Ltd GXE.TO :
* GEAR ENERGY LTD. PROVIDES 2021 BUDGET GUIDANCE, UPDATE TO CREDIT FACILITIES AND CONCLUSION OF STRATEGIC ALTERNATIVES PROCESS
* GEAR ENERGY LTD - BOARD OF DIRECTORS HAVE APPROVED A $20 MILLION CAPITAL BUDGET FOR 2021 TARGETING STABILIZED PRODUCTION
* GEAR ENERGY LTD - HAS TERMINATED PREVIOUSLY DISCLOSED STRATEGIC ALTERNATIVE PROCESS
* GEAR ENERGY - MATURITY DATE OF CREDIT FACILITIES EXTENDED TO MAY 27, 2022 AND EXPORT DEVELOPMENT CANADA HAS BEEN ADDED TO SYNDICATE OF LENDERS