Chart usGOLD   Chart usSILVER  
 
Food for thought
Bell, book and candle shall not drive me back, when gold and silver becks me to come on.
William Shakespeare  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1209.081.10
Silver 17.010.06
Platinum 1292.00-1.80
Palladium 769.50-0.75
WORLD MARKETS
DOWJONES 17043-28
NASDAQ 4493-12
NIKKEI 16174-137
ASX 529727
CAC 40 441658
DAX 947451
HUI 196-4
XAU 81-2
CURRENCIES (€)
AUS $ 1.4437
CAN $ 1.4140
US $ 1.2626
GBP (£) 0.7788
Sw Fr 1.2061
YEN 138.4500
CURRENCIES ($)
AUS $ 1.1436
CAN $ 1.1198
Euro 0.7920
GBP (£) 0.6168
Sw Fr 0.9550
YEN 109.6390
RATIOS & INDEXES
Gold / Silver71.08
Gold / Oil13.44
Dowjones / Gold14.10
COMMODITIES
Copper 3.04-0.02
WTI Oil 89.94-2.84
Nat. Gas 4.13-0.03
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Victory Nickel Announces Loan Agreement
Published : January 25, 2013

Proceeds to Fund General Working Capital Requirements

( 0 vote, 0/5 ) Print article
     
Tweet

TORONTO, ONTARIO--(Marketwire - Jan. 25, 2013) - Victory Nickel Inc. ("Victory Nickel" or the "Company") (News - Market indicators) (www.victorynickel.ca) today announced that it has completed a loan agreement (the "Loan Agreement") whereby the lender provided the Company with a secured loan facility for $1 million (the "Loan"). The Loan bears interest at 12% per annum, payable quarterly in arrears and matures on January 31, 2015.

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).

At the option of the Lender and under certain circumstances, the Lender can elect to receive prepayment of the Loan from the proceeds of an option payment payable prior to March 1, 2013 pursuant to a property sale agreement.

About Victory Nickel

Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant NI 43-101- compliant nickel resources. Victory Nickel is focused on becoming a mid-tier nickel producer by developing its existing properties, Minago, Mel and Lynn Lake in Manitoba, and Lac Rocher in northwestern Québec, and by evaluating opportunities to expand its nickel asset base. Through a wholly-owned subsidiary, Victory Silica Ltd., Victory Nickel is establishing a presence in the frac sand market prior to commencing frac sand production and sales from Minago. 

Please visit the Company's website at www.victorynickel.ca. Should you wish to receive Company news via email, please email juliet@chfir.com and specify "Victory Nickel" in the subject line.

Forward-Looking Information: This news release contains forward-looking information. All statements, other than statements of historic fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future constitute forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the failure to finalize negotiations concerning the increase of the Loan or to close such transaction and the failure of the Company to complete the acquisition of the 7P Facility; operating performance of facilities; environmental and safety risks; delays in obtaining or failure to obtain necessary permits and approvals from government authorities; unavailability of plant, equipment or labour; inability to retain key management and personnel; changes to regulations or policies affecting the Company's activities; and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's amended annual information form dated November 5, 2012 filed on SEDAR at www.sedar.com. Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.



Victory Nickel Inc.
Rene Galipeau or Sean Stokes
416.363.8527
416.626.0890 (FAX)
admin@victorynickel.ca
www.victorynickel.ca
or
CHF Investor Relations
Juliet Heading
416.868.1079 ext. 239
416.868.6198 (FAX)
juliet@chfir.com
Tweet

Victory Nickel Inc.

DEVELOPMENT STAGE
CODE : NI.TO
ISIN : CA92647F1027
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
In the News and Medias of Victory Nickel Inc.
12/16/2009Victory Nickel will publish Minago feas study
12/15/2009Victory Nickel says Manitoba mine could cost C$596m
12/11/2009Victory Nickel will publish Minago feas study next week
8/18/2009Victory Nickel raises C$3,9m in rights offering
Annual reports of Victory Nickel Inc.
2007 Annual report
Financings of Victory Nickel Inc.
7/31/2013Announces Successful Rights Offering to Shareholders
7/31/2013Announces Successful Rights Offering to Shareholders
6/14/2013Announces Rights Offering to Shareholders
5/25/2011Completes Flow-Through Financing
Nominations of Victory Nickel Inc.
8/7/2013Announces Changes to Board of Directors
6/19/2012Creates Victory Silica Ltd., Appoints Ken Murdock as CEO, In...
Project news of Victory Nickel Inc.
10/9/2013Subsidiary Victory Silica Progressing Toward Frac Sand Produ...
4/12/2012(Minago)Drilling Nickel Bearing Area South of Minago Sulphide Nickel...
4/4/2012(Minago)Drill Program Progressing at Minago Sulphide Nickel Project
9/19/2011(Minago)Receives Board Approval to Proceed With Development of Minag...
8/24/2011(Minago)Granted Environment Act Licence for Minago Sulphide Nickel M...
8/16/2011(Minago)Estimates 21 Million to 34 Million Tonne ETMI in Minago Nort...
8/8/2011(Minago)Identifies Western Extension of Nose Deposit at Minago
7/25/2011(Minago)Completes Reporting of North Limb Drilling at Minago Project
7/20/2011(Minago)Reports Further Positive North Limb Drilling at Minago Proje...
6/28/2011(Minago)North Limb Drilling Continues to Return Positive Results at ...
5/2/2011(Minago)Increases Minago Pit-Constrained Measured & Indicated Resour...
2/28/2011(Minago)Winter Work Program Underway at Victory Nickel's Minago Proj...
9/20/2010(Mel Property)Retains 100% of Mel Nickel Property
9/14/2010(Minago)Further Impressive Drill Results Expected to Enhance Reserve...
Corporate news of Victory Nickel Inc.
11/4/2013Provides Update on Frac Sand Plant Development
8/6/2013Silica Ltd., a Subsidiary of Victory Nickel Inc., Hires Frac...
8/2/2013Acquisition of Securities of Victory Nickel Inc. and Filing ...
7/17/2013Announces Hiring of Key Personnel, Equipment Orders for Albe...
7/11/2013Set to Begin Development of Seven Persons Frac Sand Plant
6/28/2013Announces Results of Annual and Special Meeting
5/28/2013Adopts Advance Notice By-Law
3/26/2013Announces Amended and Restated Loan Agreement
3/22/2013Completes $2.2 million Private Placement
2/28/2013Olympic Snowboarder Michael Lambert to Join Victory Nickel I...
2/25/2013Announces Filing of Application to Change Permit Status of S...
1/25/2013Announces Loan Agreement
1/9/2013Completes Asset Purchase Agreement for Seven Persons Sand Pl...
11/14/2012Files Revised Annual Information Form
10/18/2012s Status of Victory Silica Frac Sand Initiative
6/26/2012Ken Murdock Discusses Plans for Victory Silica's Entry Into ...
5/14/2012Reports on Winter Programs
8/10/2011(Minago)Again Improves Economics at Minago
8/3/2011Identifies Depth Extension to Known Resource at Mel Nickel P...
7/26/2011Receives Draft Environment Act Licence
6/29/2011CORRECTION FROM SOURCE: Victory Nickel Receives Draft Enviro...
6/29/2011Receives Draft Environment Act Licence
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (NI.TO)
0.470-1.05%
TORONTO
CA$ 0.470
09/30 15:40 -0.010
-1.05%
Prev close Open
0.475 0.480
Low High
0.450 0.480
Year l/h YTD var.
0.050 -  0.580 840.00%
52 week l/h 52 week var.
0.020 -  0.580 1,466.67%
Volume 1 month var.
40,940 683.33%
24hGold TrendPower© : 15
Produces
Develops Nickel
Explores for Nickel
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
2014840.00%0.090.04
201366.67%0.060.02
2012-62.50%0.080.02
2011-20.00%0.150.06
2010-37.50%0.220.09
 
5 years chart
 
3 months chart
 
3 months volume chart