Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Uranerz to Adjust Accounting Treatment of Certain Construction Costs

CASPER, WYOMING -- (Marketwire) -- 02/15/13 -- Uranerz Energy Corporation (TSX:URZ)(NYSE MKT:URZ)(FRANKFURT:U9E) ("Uranerz" or the "Company") has determined that certain costs incurred in constructing its Nichols Ranch In-Situ Recovery ("ISR") Uranium Project should have been accounted for as exploration expenses, rather than capitalized as construction in progress.

Uranerz is an exploration stage uranium mining company currently constructing its first mine, its Nichols Ranch ISR Uranium Project, in the Powder River Basin of Wyoming. After receiving the State permit needed to begin construction and operation of the mine, Uranerz began to capitalize various costs associated with mine construction. However, to comply with the U.S. Securities and Exchange Commission's Industry Guide 7, as an exploration stage company, certain costs should have continued to be expensed as exploration costs, rather than capitalized. All previous exploration activities had been so expensed by the Company.

To make the adjustment, the Company will restate its financial statements for the year ended December 31, 2011 and for the first three fiscal quarters of 2012. These costs will be expensed in the 2012 year end financial statements which will be filed in March of 2013. Accordingly, investors should rely on the Company's forthcoming restated financial statements and the forthcoming financial statements for the year ended 2012, rather than the previously filed statements for such periods.

Mr. Benjamin Leboe, B.Com., C.A., the Company's Senior Vice President, Finance and Chief Financial Officer, advised: "The restatement of our financial statements is to adjust for an accounting reclassification of project costs and will not change the Company's reported cash in treasury, its cash flow, or its business plan."

Construction of the Nichols Ranch ISR Uranium Project is continuing. Production wells at the first wellfield have been substantially completed and the remaining wells are expected to be completed during the first quarter of 2013. The processing facility is approximately 80% completed with tanks, pumps, ion exchange columns, sand filters and ancillary equipment fully installed. Installation of the process piping, electrical controls and the control room is ongoing. Drilling pads have been constructed and the Company has commenced the selection process for a drilling contractor to install two deep disposal wells. The Nichols Ranch ISR Uranium Project is expected to be operational later this year.

About Uranerz

Uranerz is a U.S. mining company focused on near-term commercial ISR uranium production. The Nichols Ranch ISR Uranium Project will be the Company's first mine. ISR is a mining process that uses a leaching solution to extract uranium from sandstone-hosted uranium deposits; it is the generally accepted extraction technology used in the Powder River Basin area of Wyoming. Uranerz controls a strategic land position in the central Powder River Basin. The Company's management team has specialized expertise in the ISR uranium mining method and a record of licensing, constructing, and operating ISR uranium projects.

Forward-looking Statements

This press release may contain or refer to "forward-looking information" and "forward-looking statements" within the meaning of applicable United States and Canadian securities laws, which include, but are not limited to statements setting out the Company's expectations as to timing and completion of the restatement of the Company's financial statements, the extent of such restatement, when the remaining wells at Nichols Ranch will be completed and when the Nichols Ranch ISR Uranium Project will become operational and all statements setting out plans, projections or expectations or which describe future activities and all statements in the future tense. Such forward-looking statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined in our most recent financial statements and reports and registration statement filed with the SEC (available at www.sec.gov) and with Canadian securities administrators (available at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. We do not undertake to update forward-looking statements, except as required by law.

Contacts:
Uranerz Energy Corporation
Derek Iwanaka
Manager of Investor Relations
1-800-689-1659
investor@uranerz.com
www.uranerz.com

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Cloud Developer Stories
Technology is enabling a new approach to collecting and using data. This approach, commonly referred to as the “Internet of Things” (IoT), enables businesses to use real-time data from all sorts of things including machines, devices and sensors to make better decisions, improve c...
Rackspace® on Tuesday announced new features to its DevOps Automation Service including Windows Support and expanded environment stack support. Rackspace also launched a new DevOps Advisory Service for broader DevOps transformation engagements. Available in the U.S. and UK, enhan...
Founded in 2011, ElasticBox’s goal is to make it as easy as possible to develop, deploy, and manage applications for any cloud infrastructure. ElasticBox is pioneering a simplified, modular, service-based application development process, where fully configured components of an ap...
Jérôme is a senior engineer at Docker, where he rotates between Ops, Support and Evangelist duties and has earned the nickname of “master Yoda”. In a previous life he built and operated large scale Xen hosting back when EC2 was just the name of a plane, supervized the deployment ...
Boundary is making server and application monitoring instantly accessible with the launch of two new editions of its popular cloud-based service. The products – Boundary Free and Boundary Premium – are designed for DevOps teams in organizations of all sizes that want high fideli...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE

Breaking Cloud Computing News

BEIJING, Aug. 20, 2014 /PRNewswire/ -- LightInTheBox Holding Co., Ltd. (NYSE: LITB) ("LightInTheB...