White Canyon Completes $750,000 Short Term Loan Agreement
31 Dicembre 2010 - 5:27PM
Marketwired
White Canyon Uranium Limited (TSX VENTURE: WU)(ASX: WCU) has
entered into a short term loan agreement with Denison Mines Inc.
(TSX: DML)(NYSE Amex: DNN) for $750,000 secured by a portion of
White Canyon's recent production inventory of U3O8 yellowcake.
The full loan amount has been advanced to the Company and will
be paid from the proceeds of White Canyon's U3O8 as the product is
sold by Denison under its sales agency agreement with White
Canyon.
About White Canyon
White Canyon Uranium Limited is a Perth, Western Australia
headquartered company focused on acquisition, exploration, and
development of uranium producing properties. The company's U.S.
operations are based in Moab, Utah and comprise multiple mining
tenements covering approximately 15,500 acres in Southern Utah.
About Denison Mines Inc.
Denison Mines Inc. is mid-sized uranium producer in North
America, with mining assets in the Athabasca Basin region of
Saskatchewan, Canada and the southwest United States including
Colorado, Utah, and Arizona. The Company has ownership interests in
two conventional uranium mills in North America.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: White Canyon Uranium Limited John Ramsey Vice
President - Marketing +1 435 260 0267
jramsey@whitecanyonuranium.com www.whitecanyonuranium.com
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