OREANDA-NEWS. December 03, 2013. Changfeng Energy Inc. ("Changfeng" or the "Company") /quotes/zigman/492959/realtime CA:CFY +13.64% , a natural gas utility in China, announces that it has drawn down the full amount of a USD 1.5 million term loan (the "Term Loan) from the Bank of China (Canada) pursuant to a Credit Facility Letter Agreement.

The Term Loan is secured by a Standby Letter of Credit provided by the Company and issued by the Bank of China Hainan Branch for the amount of RMB10 Million. The Term Loan has a one-year term from the date of the withdrawal and bears annual interest of 6-month LIBOR Rate plus 250bps.

The proceeds of the Term Loan will be used for the general working capital purposes of the Company.

About Changfeng Energy Inc.

Changfeng Energy Inc. is a natural gas service provider with operations located throughout the People's Republic of China. The Company services industrial, commercial and residential customers, providing them with natural gas for heating purposes and fuel for transportation. The Company has developed a significant natural gas pipeline network as well as urban gas delivery networks, stations, substations and gas pressure regulating stations in Sanya City and Haitang Bay. Through its network of pipelines, the Company provides safe and reliable delivery of natural gas to both homes and businesses. The Company is headquartered in Toronto, Ontario and its shares trade on the Toronto Venture Exchange under the trading symbol "CFY". For more information, please visit the Company website at www.changfengenergy.com.