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RAPAPORT... DGSE Companies Inc. was granted a year extension on its current loan agreement and revolving credit note with NTR Metals LLC, an affiliate of Elemetal LLC, DGSE's largest shareholder. The new terms of the funding arrangement were extended through August 1, 2015. James Vierling, DGSE's CEO, said, “This extension demonstrates the confidence that NTR and the entire Elemetal family of companies has in the future prospects of DGSE. It also ensures that the company will have access to capital for future growth opportunities and strengthens our balance sheet. Our relationship with Elemetal continues to provide mutual benefits to each party.” Elemetal offers a full range of refining, recycling, minting and trading services. Through a series of transactions, beginning in 2010, Elemetal has become the largest shareholder of DGSE’s common stock and is the company's primary dealer for bullion purchases as well as its primary refiner of recyclable precious metal. Both facilities will be secured by DGSE's tangible and intangible assets.
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