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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Andrew~ who wrote (1322)	12/3/2013 1:28:24 PM
From: Andrew~	Read Replies (1) \| Respond to of 202784

URZ-T Uranerz Closes $20 Million Wyoming State Loan The Loan has an annual interest rate of 5.75% and is repayable over seven years. The Loan calls for the payment of interest-only for the first year, with the amortization of principal plus interest over the remaining six years. The Loan can be repaid earlier than its maturity date if the Company so chooses. The Loan is secured by a charge on certain assets of the Company. Concurrent with the closing of the Loan, the Company fully repaid its approximately $6 million short-term indebtedness which was arranged in June of 2013. Uranerz President and CEO Glenn Catchpole stated: "This funding will allow us to initiate production at our Nichols Ranch project. We are grateful that the State of Wyoming supports economic development and employment in Wyoming through the Industrial Development Revenue Bond program. I would like to thank the Wyoming Business Council, the Johnson County Commissioners, Governor Matt Mead, the Attorney General, and the State Treasurer Mark Gordon, as well as their staff, for their diligence and effort in concluding the Loan application process." Uranerz is nearing completion of the construction for its in-situ recovery ("ISR") processing facility and installation of the initial production wellfield for ISR operations at its Nichols Ranch ISR Uranium Project located in the Powder River Basin of Wyoming, U.S.A. The Company expects to start the Nichols Ranch operations within the next few months. stockboard.com