Urals Energy subsidiary agrees new credit facility

Urals Energy (AIM:UEN) has announced that its subsidiary Petrosakh has entered into a new 24 month non-revolving CAPEX credit facility with Sberbank.

Under the Loan Sberbank will provide, by way of several tranches, the sum of 50 million roubles (representing approximately US$0.86 million at prevailing exchange rates) to Petrosakh.

At 1:04pm: (LON:UEN) Urals Energy PLC share price was 0p at 5.5p

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