|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Uranium Resources||LSE:URA||London||Ordinary Share||GB00B068N088||ORD 0.1P|
|Price Change||% Change||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
Uranium Resources PLC Estes Loans
UK Regulatory (RNS & others)
RNS Number : 7935Z
Uranium Resources PLC
17 March 2017
Uranium Resources plc
("Uranium Resources" or "the Company")
Uranium Resources announces that its major shareholder Estes Limited ("Estes"), has agreed to extend the terms of its loan facilities dated 15 March 2013, 18 March 2014 and 19 February 2015 to 31 May 2017. These loan facilities total US$1.8 million and are fully drawn down.
The Company also announces that the most recent US$50,000 loan facility provided by Estes announced on 12 January 2017 has been increased to US$100,000 and the term has been extended to 30 June 2017.
As a substantial shareholder, Estes is a related party of the Company and the revised loan terms above plus the increased loan facility constitute related party transactions 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 facilities and the increased loan facility are fair and reasonable in so far as the Company's shareholders are concerned.
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
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) Dow Jones Newswires
March 17, 2017 04:18 ET (08:18 GMT)
1 Year Uranium Chart
1 Month Uranium Chart