First Nickel Plans CAD$30 Million Project Loan Facility
August 25th, 2010 | File Under : Investment - Metals & Mineral - Nickel
First Nickel Inc. is pleased to announce that it has entered into an engagement letter to appoint Societe Generale and Commonwealth Bank of Australia to act as exclusive lead arrangers for a senior secured project loan facility up to CAD$30 million. Any commitment by either Lead Arranger will be subject to, among other things, internal credit approval, due diligence, receipt of any government and regulatory approvals and definitive legal documentation, including the provision of a separate commitment letter.
An initial cash arrangement fee was paid to the Lead Arrangers upon signing of...