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| Home : First Nickel Completes Refinancing |
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Apr 08
2013 |
First Nickel Completes Refinancing |
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TORONTO, ONTARIO--(Marketwired - April 8, 2013) - First Nickel Inc. ("FNI" or the "Company") (TSX:FNI) announces that the restructuring of all of the Company's existing indebtedness (the "Refinancing") became effective today. The Refinancing includes an increase in the principal amount of the revolving credit facility (the "BNS Facility") with The Bank of Nova Scotia from US$10 million to US$15 million and an extension of the BNS Facility maturity date from May 2014 to March 2015, as well as the extension of the maturity dates of the Company's loans with each of Resource Capital Fund IV L.P, Resource Capital Fund V L.P and a fund managed by West Face Capital Inc. from December 2013 to March 2015. |
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| Source:http://www.marketwire.com/mw/release.do?id=1775958&sourceType=3 |
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