GREY:FNKLF - Post by User
Post by
pbellefleuron Sep 02, 2010 11:28am
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Post# 17408147
FIRST NICKEL ARRANGES US$5 MILLION BRIDGE LOAN FAC
FIRST NICKEL ARRANGES US$5 MILLION BRIDGE LOAN FACWilliam Anderson, President and CEO stated: “This is another significant step forward in structuring
the financing of our Lockerby Depth Project, and is also a vote of confidence from our biggest
stakeholder in both the project and the management team. These funds allow us to immediately begin
a number of critical pre-development activities at Lockerby, including detailed engineering and
addressing a number of bottleneck items to ensure a smooth start-up of the main development
program once full financing is arranged. Our goal is to launch the full capital program in the fourth
quarter of 2010, and this latest funding will keep us on that track.”