Investor Sentient Group also will receive 952,380 shares as a 2.2% fee
By Devika Patel
Knoxville, Tenn., April 22 – North American Nickel Inc. said it completed a C$4.5 million zero-coupon term loan agreement with Sentient Group.
The loan is due on April 30, 2017.
Sentient also will receive 952,380 common shares as a 2.2% fee.
Proceeds will be used for exploration.
North American Nickel is a natural resource explorer based in Vancouver, B.C.
| Issuer: | North American Nickel Inc.
|
| Issue: | Term loan
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| Amount: | C$4.5 million
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| Maturity: | April 30, 2017
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| Coupon: | 0%
|
| Warrants: | No
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| Investor: | Sentient Group
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| Fees: | 952,380 common shares, 2.2%
|
| Settlement date: | April 22
|
| Stock symbol: | TSX Venture: NAN
|
| Stock price: | C$0.10 at close April 21
|
| Market capitalization: | C$19.72 million
|
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