Victory Nickel Announces $1M Secured Loan Agreement

Victory Nickel Inc. (TSX:NI) announced that it has finalized a loan agreement for $1 million with an interest of 12% per annum, payable quarterly in arrears until January 31, 2015.

As quoted in the press release:

As well, negotiations are well advanced to increase this Loan to up to $3.0 million with the additional amount available to fund capital expenditures relating to the Seven Persons sand recycling facility (the “7P Facility”) located southwest of Medicine Hat, Alberta which Victory Nickel has agreed to purchase subject to certain conditions (see news release dated January 9, 2013).

Click here to read the full Victory Nickel Inc. (TSX:NI) press release.

Get the Latest Nickel Investing Stock Information

Get the latest information about companies associated with Nickel Investing delivered directly to your inbox.


By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

equitas logo1Equitas Resources (TSXV:EQT; FSE:T6UN) is one of the first junior resource companies in the last 20 years to hold such a large, consolidated land package in the Voisey’s Bay district. With a first-class, experienced team of professionals skilled in raising capital and managing successful exploration projects Equitas Resources has a tight share structure on early stage of nickel focused exploration. Learn more about this world class deposit.

Leave a Reply