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| Home : Anfield Announces $1,950,000 Loan From Kestrel Holdings and Directors |
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Mar 10
2016 |
Anfield Announces $1,950,000 Loan From Kestrel Holdings and Directors |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 9, 2016) - Anfield Nickel Corp. ("Anfield") (TSX VENTURE:ANF) announces that it will be receiving loans in the aggregate amount of Cdn $1,950,000 from Kestrel Holdings Ltd. and two of its directors (the "Lenders"). The loans accrue interest at a rate of 12% per annum, and will be compounded yearly and not in advance. The loans will be repayable on or before the earlier of June 30, 2016, or two business days after the date on which Anfield undertakes any equity financing by way of private placement of shares. The loan cannot be converted into, exchanged for or otherwise modified to create any obligation on Anfield to issue, directly or indirectly, any equity or voting securities of Anfield or any subsidiary of Anfield, including with respect to the repayment of either principal or interest accruing in respect of the loan. Subject to receipt of approval from the TSX Venture Exchange, Anfield will also be issuing an aggregate of 2,599,999 non-transferable common share purchase warrants (the "Warrants") to the Lenders. Each Warrant will be exercisable for one common share of Anfield at a price of $0.75 per common share, and will expire one year from the date of issuance. |
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| Source:http://www.marketwired.com/mw/release.do?id=2104556&sourceType=3 |
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