Feb 4 (Reuters) - Powertech Uranium Corp:
* Announces strategic refinancing of synatom debt
* Says agreed to pay to Synatom of $12.5 million immediately upon closing of
the refinancing agreement;
* Entered into a refinancing agreement with Societe Belge De Combustibles
Nucleaires Synatom Sa
* Synatom agreed to a lock-up, for a period of 18 months, of the 10.89 million
common shares it owns
* Says synatom agreed to a lock-up, for a period of 18 months, of the 10.89
million common shares it owns
* Synatom agreed to a lock-up, for a period of 18 months, of the 10.89 million
common shares it owns
* Agreement restructures co's repayment obligations on about $25 million of
debt currently owed to synatom.
* Powertech USA agreed to guaranty co's obligation to pay deferred payment
pursuant to terms of guaranty agreement
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Announces strategic refinancing of synatom debt
* Says agreed to pay to Synatom of $12.5 million immediately upon closing of
the refinancing agreement;
* Entered into a refinancing agreement with Societe Belge De Combustibles
Nucleaires Synatom Sa
* Synatom agreed to a lock-up, for a period of 18 months, of the 10.89 million
common shares it owns
* Says synatom agreed to a lock-up, for a period of 18 months, of the 10.89
million common shares it owns
* Synatom agreed to a lock-up, for a period of 18 months, of the 10.89 million
common shares it owns
* Agreement restructures co's repayment obligations on about $25 million of
debt currently owed to synatom.
* Powertech USA agreed to guaranty co's obligation to pay deferred payment
pursuant to terms of guaranty agreement
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.