Anfield Announces $450,000 Loan From Kestrel Holdings Ltd.
24 Abril 2014 - 7:40PM
Marketwired
Anfield Announces $450,000 Loan From Kestrel Holdings Ltd.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 24, 2014) -
Anfield Nickel Corp. ("Anfield") (TSX-VENTURE:ANF) announces that
it has received a loan of Cdn $450,000 from Kestrel Holdings Ltd.
("Kestrel"), a company wholly owned by Ross J. Beaty. The loan
accrues interest at a rate of 12% per annum, and is compounded
yearly and not in advance. The loan is repayable on or before the
earlier of June 30, 2014 or two business days after the date on
which Anfield undertakes any equity financing by way of private
placement of shares, with such financing raising an amount greater
than $5,405,000, plus accrued interest on all then outstanding
loans. The loan cannot be converted into, exchanged for or
otherwise modified to create any obligation on Anfield to issue,
directly or indirectly, any equity or voting securities of Anfield
or any subsidiary of Anfield, including with respect to the
repayment of either principal or interest accruing in respect of
the loan. The loan will be used for working capital and general
corporate purposes, and will assist Anfield to continue normal
course operations. As the loan is not convertible into equity or
voting securities of Anfield, there will be no effect on the
percentage of securities of Anfield held by Kestrel or Ross J.
Beaty as a result of the loan.
ANFIELD NICKEL CORP.
David Strang
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Anfield Nickel Corp.David Strang+ 604 646-1899+ 604 687-7041
Anfield Nickel Corp. (TSXV:ANF)
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