Vancouver's Bluerock Resources Ltd. (TSX-V:BRD) is shutting down development work for two weeks as it struggles to find adequate working capital in the midst of the current credit crisis.
The company said it continues to hold discussions with several public and private companies to recapitalize its operations and advance it's strategic plan to become a uranium producer in the U.S. Southwest.
It currently produces uranium at its mine in Montrose County, Colorado and is developing a second uranium project, also in Colorado.
Bluerock's share price range during the past week: between $0.07 and $0.10; 52-week high: $0.90; 52-week low: $0.055.