URSA Major Minerals Arranges Metal Financing Facility
URSA Major Minerals Incorporated (TSX:UMJ) reported that the Company has arranged a credit facility with Auramet Trading, LLC to assist finance the Company’s metal inventory and receivables associated with ore produced from the Shakespeare Mine.
The press release is quoted as saying:
Auramet, based in Fort Lee, New Jersey, is a leading metals trading, merchant banking and advisory firm specializing in the global resource sector. The total amount of the facility is US$2.5 million and advances under the facility are expected to commence next month and will match the production of ore from the Shakespeare Mine.
Click here to access the entire press release
Click here to access Ursa Major Minerals Corporate Site
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Fri, Feb 19, 2010
Post by Melissa Pistilli, Platinum Senior Reporter