Investors: 2005 Press Release Archive

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HSE Secures $20 Million Credit Facility

NEWS RELEASE – August 15, 2005

HSE Integrated Ltd. (“HSE”) is pleased to announce that it has negotiated a new credit facility with the CIBC to replace its existing facility. The new demand facility provides for base operating facilities of up to $10.1 million combined with additional installment facilities of up to $9.9 million. Funds from these facilities, will be used to finance HSE’s expanding activities and complete its 2005 capital expenditure program.

Forward Looking Statements

Statements in this document that may be considered forward-looking are based on management's current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information please contact:

David Yager, Chairman & CEO
Telephone: (403) 266-1833
E-Mail:

Tony Hidalgo, Chief Financial Officer
Telephone: (403) 266-1833
E-Mail: