UC Resources Ltd.

UC is an emerging producer of Gold and Silver. The Company's goal is to combine cash flow from production, along with a significant exploration upside from its mining assets. The Company is working on its long term objectives to build a mid-tier Production company with a specific focus on silver and gold development in Mexico.

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Re: PP and reaction

UC Resources Ltd.

about 14 years ago

in response to BarbuBeatnik's message

From what I recall, there has been a problem with the electrical "grid" of late in Mexico and to properly test the new mill, Jim said they needed steady flow of electricity, with no sporadic outages. So, it may be he needed the private placement at this time for a diesel generator, or more fuel to run the generator, or money to fix road so a fuel truck can get to the mill, etc.