Portage Resources Enters into Negotiations for a $3,000,000 Line of Credit

Portage Resources Inc. POTG has entered into negotiations for a $3,000, 000 Line of Credit to further enhance and grow their massive potential multibillion dollar Peruvian reserves. This line of credit is intended to be property based and beneficial to the company objectives on each of their properties. Portage has been acquiring potential multibillion dollar properties at a furious pace over the last few months. The properties are at various stages in development and each requires further geological studies before proceeding to the production stage. The costs of said studies combined with normal company expenditures, retention of experts, effective infrastructure, and the company vision of producing properties all coming at a financial price.