Uranium Resources' investor Estes extends loan facility

AIM-listed explorer Uranium Resources’ major shareholder and strategic investor Estes agreed to extend the maturity of its loan facility.

The $440,000 loan dated 19 February 2015 was extended to 30 September. There were no other changes to the terms of the loan and the facility had been fully drawn down.

Directors, Alex Gostevskikh, Andrew Lewis, James Pratt, and Mark Purits, consulted with Northland Capital Partners, the company's nominated adviser, found that the revised terms of the loan facility are fair and reasonable.

Shares in Uranium Resources were down 8.33% to 0.275p at close.