Completion of Loan Facility and Drawdown of Loan
(Thomson Reuters ONE) - 27 July 2009 - London: European Nickel PLC ("European Nickel" or the"Company") (AIM, PLUS: ENK) is pleased to announce that it hascompleted the outstanding conditions precedent of the bridging loanfacility previously announced on 8th July 2009 (the "Loan").Under the terms of the facility agreement, the Company has grantedEndeavour Financial Corporation a three-year option to purchase3,200,000 ordinary shares in the Company at an exercise price of6.917 pence per share, which became due upon satisfaction of theconditions precedent to drawdown of the Loan.The US$4.0 million Loan has now been drawndown.For more information, please visit www.enickel.co.uk or contact:Simon Purkiss or Andrew Lindsay, European Tel: 020 7290 3130NickelMike Jones or Andrew Chubb, Canaccord Adams Tel: 020 7050 6500Alex Buck, BuckBias Tel: 07932 740 452---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 27.07.2009 - 08:00 Uhr
Sprache: Deutsch
News-ID 3978
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"Completion of Loan Facility and Drawdown of Loan"
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