Voyager Petroleum Announces Factoring Agreement With BLN Capital Funding, LLC Through Fifth Third Bank
HINSDALE, Ill., June 6, 2008 (PRIME NEWSWIRE) — Voyager Petroleum Inc. (OTCBB:VYGO) (Frankfurt:DXD) is pleased to announce that it has entered into a factoring agreement with BLN Capital Funding LLC, for up to $1 million in purchase order, inventory and receivables financing. Management believes this credit facility will provide the working capital necessary to generate additional revenue by accelerating production at the Detroit facility. The company is marketing its eco-friendly, re-processing method for reclaimed used oil and working diligently to inform regional automotive and industrial customers in the Midwest of its processing capabilities.