Niko Resources Ltd NKRSF

RE:RE:ICYMI: Niko Announces Receipt of Requisite Consents

[HumbleTheTrader]

glasrado wrote: The consent solicitation will remain open till 4:30 PM. Calgary time July 11, 2016. We can understand by then all the necessary procedures done and complete and the new game can begin now and carry forward to a new level and we do not look back.

We already got what we needed to move forward, its only remaining open so the rest of the Noteholders who are slower to send in consent can get their pro rata share of the $1.5million in return for their consent.

We have the 66.667% percent Noteholder consent now, 100% Senior Lender consent and are moving ahead with amending the indenture asap.

Next NR could actually potentially be the official amendment complete NR, then the arbitration removal notice once our friends in India go to the Supreme Court when it re-opens TOMORROW (late tonight our time)

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.

Read more at https://www.stockhouse.com/companies/bullboard/t.nko/niko-resources-ltd#OQbRE0yLeQQxRPpF.99