First Nickel Reports Financial and Operating Results

First Nickel Inc. (TSX:FNI) (“FNI”) reported that the company has filed with the Canadian securities regulatory authorities its audited financial statements, and management’s discussion and analysis for the year ended December 31, 2009.

The press release is quoted as saying:

Highlights / Summary : A net loss of $7.5 million was recorded in 2009. This compares to a net loss of $24.2 million recorded in 2008. In July 2009, the Company completed a US$10 million financing with Resource Capital Fund IV L.P. The Company received independent feasibility studies which demonstrate robust economics for further development at Lockerby. At December 31, 2009, the Company had net working capital of $6,451,341.

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Click here to access First Nickel Inc. Corporate Site