Lignol Energy sets up new revolving credit facility for $12.5 million

In Canada, Lignol Energy says it has replaced its secured credit facility of $5 million, which was amended on July 9, 2013 for up to $6.25 million, with a new secured revolving credit facility of up to $12.5 million with Difference Capital Financial Inc., who prior to this transaction own 33.9% of LEC on a partially diluted basis, assuming the exercise of only DCF’s warrants.