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| Home : First Nickel Inc. Increases Available Credit Facilities |
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Nov 30
2013 |
First Nickel Inc. Increases Available Credit Facilities |
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TORONTO, ONTARIO--(Marketwired - Nov. 29, 2013) - First Nickel Inc. ("FNI" or the "Company") (TSX:FNI) announces that it has entered into agreements with its lenders to increase the amount available under the Company's existing credit facilities (the "Transaction"). The Transaction involves an increase in the principal amount of the revolving credit facility (the "BNS Facility") with The Bank of Nova Scotia ("BNS") from US$15 million to US$18 million and a corresponding increase to the standby letter of credit posted by Resource Capital Fund V L.P. ("RCF V") from US$7.5 million to US$10.5 million. As a result, the Company also amended its credit facility with RCF V that backstops the RCF V Letter of Credit. Further details of the Company's credit facilities are contained in the Company's press release dated April 1, 2013. |
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| Source:http://www.marketwired.com/mw/release.do?id=1857698&sourceType=3 |
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