 EDMONTON, AB, July 17, 2020 CNW - Bri-Chem Corp. Bri-Chem or Company TSX: BRY, a North American oilfield chemical distribution and blending company, is pleased to announce the closing of a 6.25 million term loan the BCAP Loan with Canadian Imperial Bank of Commerce CIBC under the Canadian Government Business Credit Availability Program BCAP and that we have reached an agreement with CIBC to extend the term of our Asset Based Lending Facility ABL Facility to October 31, 2021. The Company and Greypoint Capital Inc. Greypoint have also agreed to certain amendments and additional terms to the Companys current subordinated term loan with Greypoint in the aggregate principal amount of 7,866,667 Sub Debt Loan. 