First Nickel Enters Into C$30 Million Project Loan Facility
TORONTO, ONTARIO--(Marketwire - July 5, 2011) - First Nickel Inc. ("First Nickel" or the "Company") (TSX:FNI) is pleased to announce that it has entered into a credit agreement with respect to a previously announced project financing arrangement with Société Générale (Canada Branch), as Administrative Agent and Lender and Commonwealth Bank of Australia, as Documentation Agent and Lender for a senior debt facility of up to C$30 million maturing on March 31, 2015 (the "Facility"). Initial funding under the Facility will be subject to implementation of a hedging program and certain other customary funding conditions set forth in the credit agreement.
