Resource Capital Puts Up $30M To Help Join Uranium Cos.

Law360, New York (March 2, 2012, 3:26 PM EST) -- Texas-based Uranium Resources Inc. will purchase a private uranium exploration company with holdings throughout the Western U.S., thanks to a $30 million investment by private equity firm Resource Capital Funds, the company announced Thursday.

Resource Capital Fund V LP will infuse $10 million into Uranium Resources and pay $20 million to retire the majority of Neutron Energy Inc.'s outstanding debt owed to RMB Australia Holdings Ltd., the mining company said in a statement.

In exchange, Denver-based RCF will receive 24.6 million shares of Uranium Resources common...
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