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| Home : First Nickel Arranges US$5 Million Bridge Loan Facility |
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Aug 30
2010 |
First Nickel Arranges US$5 Million Bridge Loan Facility |
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TORONTO, ONTARIO--(Marketwire - Aug. 30, 2010) - First Nickel Inc. ("First Nickel" or the "Company") (TSX:FNI) announces that it has entered into a commitment letter with Resource Capital Fund IV L.P. ("RCF") for a US$5 million bridge loan facility maturing on December 31, 2013 (the "Facility"). The proceeds of the Facility will be used to commence capital development activities at the Lockerby Mine that will expedite launch of the full capital development project when full financing for the project is arranged. The Facility will close on or about September 1, 2010 and is subject to certain closing conditions, including the approval of the Toronto Stock Exchange and entering into definitive documentation. |
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| Source:http://www.marketwire.com/mw/release.do?id=1311506&sourceType=3 |
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