Uranium Resources PLC Estes Loan Extension (0672I)
25 August 2016 - 1:37AM
UK Regulatory
TIDMURA
RNS Number : 0672I
Uranium Resources PLC
24 August 2016
24 August 2016
Uranium Resources plc
("Uranium Resources") or ("the Company")
Estes Loan Extension
Uranium Resources, the uranium exploration company, announces
that its major shareholder and strategic investor, Estes Limited
("Estes"), has agreed to extend the term of its loan facility dated
19 February 2015. The Company has entered into a supplementary
agreement with Estes which extends the term of the US$440,000 loan
facility to 30 September 2016. There are no other changes to the
terms of the loan. This facility has been fully drawn down.
As a substantial shareholder, Estes is a related party of the
Company and the increase of the loan amount constitutes a related
party transaction as defined by Rule 13 of the AIM Rules for
Companies. The independent directors, being Alex Gostevskikh,
Andrew Lewis, James Pratt, and Mark Purits, having consulted with
Northland Capital Partners Limited, the Company's nominated
adviser, consider that the revised terms of the loan facility dated
19 February 2015 are fair and reasonable in so far as the Company's
shareholders are concerned.
**ENDS**
For further information please visit www.uraniumresources.co.uk
or contact:
Alex Gostevskikh Uranium Resources Tel: +1 778 938-7631
plc
Matthew Johnson Northland Capital Tel: +44 (0)203
/ David Hignell Partners Ltd 861 6625
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFMGZRKDVGVZM
(END) Dow Jones Newswires
August 24, 2016 11:37 ET (15:37 GMT)
Uranium (LSE:URA)
Historical Stock Chart
From Apr 2024 to May 2024
Uranium (LSE:URA)
Historical Stock Chart
From May 2023 to May 2024
Real-Time news about Ura Holdings (London Stock Exchange): 0 recent articles
More Uranium Res News Articles