Anfield Nickel Corp (ANF.V) Key Developments

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Anfield Nickel Corp:Says that it has received a loan of C$450,000 from Kestrel Holdings Ltd.The loan accrues interest at a rate of 12 pct per annum, and is compounded yearly and not in advance.The loan is repayable on or before the earlier of June 30 or two business days after the date on which Anfield undertakes any equity financing by way of private placement of shares.The loan cannot be converted into, exchanged for or otherwise modified to create any obligation on Anfield to issue, directly or indirectly.Loan will be used for working capital and general corporate purposes, and will assist Anfield to continue normal course operations. Full Article

Anfield Nickel Corp:Received a loan of C$150,000 from 0914852 BC Ltd.Loan accrues interest at a rate of 12 Pct per annum, and is compounded yearly and not in advance.Loan will be used for working capital and general corporate purposes, and will assist Anfield to continue normal course operations. and its Mayaniquel nickel laterite project, to Cunico Resources N.V. Full Article

Anfield Nickel Corp:Says that it has received a loan of C$250,000 from Lumina Capital Limited Partnership.Says loan accrues interest at a rate of 12 pctper annum, and is compounded yearly and not in advance.Says loan is repayable on or before the earlier of June 30 or two business days after the date on which the company undertakes any financing greater than $4.25 mln, plus accrued interest on all LCLP loans then outstanding, by way of private placement of shares.Says loan will be used for working capital and general corporate purposes, and will assist Anfield to continue normal course operations. (Transaction).Upon closing of Transaction, Anfield received the first of five $3 mln cash payments comprising the purchase price.Remaining installment payments will be made in four annual $3 mln installments totaling $12 mln commencing on June 16, 2015.Final payment will be made on June 16, 2019. for a purchase price made in five annual $3 mln installments totalling $15 mln on closing of the transaction and a final payment of $28 mln on the fifth anniversary.Anfield to use proceeds from the transaction to repay outstanding indebtedness.Borden Ladner Gervais LLP are acting as legal counsel to Anfield’s independent committee.Baker & McKenzie LLP are acting as legal counsel to Cunico. Full Article

Anfield Nickel Corp:Says that it closed its previously announced sale of Anfield’s Guatemalan subsidiary, Mayaniquel S.A. Anfield Nickel Corp:Receives a loan of C$350,000 from Lumina Capital Limited Partnership.Accrues interest at a rate of 12 pct per annum, and is compounded yearly and not in advance.Repayable on or before the earlier of June 30.Says loan will be used for working capital and general corporate purposes. Full Article

Anfield Nickel Corp and Cunico Resources N.V:Enters into an agreement whereby Cunico will acquire Anfield’s Guatemalan subsidiary, Mayaniquel S.A., and its Mayaniquel nickel laterite project.Under the agreement, Cunico will acquire Mayaniquel S.A. Full Article

Amelia Woodward

Amelia Woodward

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Amelia Woodward

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