First Nickel Completes US$5 Million Bridge Loan Facility

Reproduction
Thu, Sep 2, 2010

Nickel Company News
Post by Anne Bagchi, Nickel Researcher

Nickel Inc.’s (TSE: FNI) news release of August 30, 2010, the Company is pleased to announce that it has completed its financing with Resource Capital Fund IV L.P. for a US$5 million bridge loan facility maturing on December 31, 2013.

The press release is quoted as saying:

The full amount has been drawn down and will be used to commence capital development activities at the Lockerby Mine, including detailed engineering and commencement of activities to address a number of bottleneck items to ensure a smooth start-up of the main development program once full financing is arranged.

Click here to access the entire press release

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