Lignol Energy Corporation announced that the company 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 Lignol Energy Corporation on a partially diluted basis, assuming the exercise of only Difference Capital Financial Inc.'s warrants. Under the terms of the note, 50% of the unpaid principal amount and accrued and unpaid interest on such amount will be payable on the closing of an equity financing of at least $20 million and the remaining unpaid principal amount and accrued and unpaid interest on such amount be payable on December 31, 2014. Amounts drawn under this facility will bear interest at 9% per annum and any amount owing under the amended loan is deemed to be a borrowing under the note.

The company shall pay to Difference Capital Financial Inc. a commitment fee of $200,000, of which $100,000 has already been paid in respect of the earlier credit facilities.