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Ursa Major Minerals Incorporated T.UMJ



TSX:UMJ - Post by User

Post by wardonruleson Feb 22, 2010 1:31pm
381 Views
Post# 16807224

Back in production

Back in productionProducing Ni, Cu, Co, Pt, Pd, Au, Ag in Sudbury                      Open pit, 80+ million lbs Ni and 85 million lbs Cu                     Processing agreements with Xstrata Nickel       

Private placement financings for up to 7,300,000 units at
.10 per unit and

1,700,000 flow through common shares at
.10 per share for total proceeds of up to $900,000
.

  

the Company has arranged a credit facility with Auramet Trading, LLC (“Auramet”) to assist finance the Company’s metal inventory and receivables associated with ore produced from the Shakespeare Mine

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

drilling and borehole EM identifies shallow massive sulphide targets at Nickel

Offsets property, Sudbury area


Trading at 12 cents? Good buy but need production numbers now.


wr

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