Niko Resources Ltd NKRSF

RE:News!

[G4General]

Great to see some note holders already responding back to NIKO early.  They have until July 11.  I don't think it will take that long as we have seen with the lenders already.  If the lenders are approving it and they are the ones the lent NIKO the funds, the note holders will follow suit and approve the strategic plan.   

MasterDhruv wrote:

CALGARY, AB--(Marketwired - June 24, 2016) - Niko Resources Ltd. ("Niko" or the "Company") (TSX: NKO) announces that, further to its news release of June 10, 2016 regarding its solicitation of consents (the "Consent Solicitation") to amend the trust indenture (the "Indenture") governing its outstanding 7% convertible senior unsecured notes due December 31, 2017 (the "Notes"), it has received consents from holders of the requisite amount of the Notes to amend the Indenture. For further details regarding the Consent Solicitation, please see the consent solicitation statement of the Company dated May 31, 2016, a copy of which has been filed under the Company's profile at www.sedar.com.

For holders of Notes that have not delivered their consents, the Consent Solicitation will remain open until 4:30 pm (Calgary time) on July 11, 2016.

As soon as practicable, the Company expects to enter into an amendment to the senior term loan facilities agreement with its institutional lenders, formally amend the Indenture, and take such other steps as are necessary to give effect to the Company's previously announced strategic plan of maintaining its core assets for a period of time with the goal of enhancing the value of such assets for the benefit of the Company's stakeholders. The implementation of the strategic plan remains subject to certain approvals, including the final approval of the Company's board of directors and the Toronto Stock Exchange.

This press release is neither a solicitation of consents, an offer to purchase the Notes nor a solicitation of an offer to sell securities. The Consent Solicitation is being made solely by the Consent Solicitation Statement.

https://www.marketwired.com/press-release/niko-announces-receipt-of-requisite-consents-to-indenture-amendments-tsx-nko-2137317.htm