On June 27, 2008, Uranium One Inc. entered into a US$100 million senior secured revolving credit facility for general corporate purposes, including working capital requirements and funding capital expenditures and acquisitions. Under the terms of the facility, Uranium One has the ability to borrow up to US$100 million from the lead lenders, Bank of Montreal and The Bank of Nova Scotia. The facility has a two year term, and may be extended for a further year with lender consent. The facility was arranged by BMO Capital Markets and Scotia Capital as joint lead arrangers. Endeavour Financial acted as financial adviser to Uranium One. Uranium One is a Canadian-based uranium producing company with assets located in each of the world's five largest uranium resource jurisdictions - Australia, Canada, Kazakhstan, South Africa and the United States. Uranium One was represented in-house by John Sibley, Executive Vice President, General Counsel, and Secretary, and Lloyd Hong, Vice President and Legal Counsel and by Fasken Martineau with a team that included John Elias, Brian Wright, Kevin Clinton, Bozidar Crnatovic, Marc Lefler, Don Weaver and Georald Ingborg.