Tuscany International Drilling Inc. Announces Forbearance Agreement With Senior Lenders

CALGARY, ALBERTA–(Marketwired – Jan. 24, 2014) – Tuscany International Drilling Inc. (“Tuscany” or the “Company“) (TSX:TID)(COLOMBIA:TIDC) announces that it has entered into a forbearance agreement (the “Forbearance Agreement“) with its senior secured lenders (“Senior Lenders“) under the third amended and restated credit agreement (as amended, the “Credit Agreement“) dated December 23, 2013.

Source: http://www.marketwired.com/mw/release.do?id=1872432&sourceType=3