Victory Nickel Inc (VNCKF) 0.0360 $VNCKF Victor
Post# of 273249
Victory Nickel Completes Third Tranche of Unsecured Debt Restructuring
GlobeNewswire - Tue Jun 07, 1:00PM CDT
Victory Nickel Inc. ("Victory Nickel" or the "Company" (CSE: NI, www.victorynickel.ca) today announced that it has completed a third tranche of the restructuring of its unsecured debt (the "Third Tranche" through a private placement of common shares and unsecured promissory notes (the "New Promissory Convertible Notes" as defined below). The Third Tranche included the restructuring of $188,659.56 of outstanding debt (the "Debt" owed to certain of the Company's trade creditors ("Trade Creditors".
NI.TO: 0.02 (-0.02)
Victory Nickel Completes Second Tranche of Unsecured Debt Restructuring
GlobeNewswire - Thu Mar 31, 7:47PM CDT
Victory Nickel Inc. ("Victory Nickel" or the "Company" (CSE: NI, www.victorynickel.ca) today announced that it has completed a second tranche of the restructuring of its unsecured debt (the "Second Tranche" through a private placement of common shares and unsecured promissory notes (the "New Promissory Convertible Notes" as defined below). The Second Tranche included the restructuring of $739,274.80 of outstanding debt (the "Debt" owed to certain of the Company's trade creditors ("Trade Creditors", directors and management.
NI.TO: 0.02 (-0.02)
Victory Nickel Announces Year End 2015 Financial and Operating Results
GlobeNewswire - Wed Mar 30, 9:31PM CDT
Victory Nickel Inc. ("Victory Nickel" or the "Company" (TSX:NI, www.victorynickel.ca) today reported financial results for the 12-month period ended December 30, 2015. All dollar amounts in this news release are in US$, unless otherwise noted.
NI.TO: 0.02 (-0.02)
Victory Nickel Unsecured Note Holder Files Statement of Claim
GlobeNewswire - Sun Mar 27, 10:18PM CDT
Victory Nickel Inc. ("Victory Nickel" or the "Company" (TSX:NI, www.victorynickel.ca) announced today that it has received notice that the holder (the "Noteholder" of US$3,000,000 unsecured promissory convertible note (the "Promissory Convertible Note" has filed a statement of claim concerning payment of outstanding principal and interest on its Promissory Convertible Note.
NI.TO: 0.02 (-0.02)
Victory Nickel Completes Equity and Unsecured Debt Private Placement
GlobeNewswire - Mon Mar 07, 3:34PM CST
Victory Nickel Inc. ("Victory Nickel" or the "Company" (CSE: NI, www.victorynickel.ca) today announced that it has completed the next step to strengthen the Company's balance sheet by restructuring a portion of its debt through the first tranche of a private placement of common shares and unsecured promissory convertible notes in settlement of approximately $5,179,000 of current indebtedness to certain of its unsecured lenders (the "Promissory Convertible Note Holders" and trade creditors (the "Trade Creditors" (collectively the "Unsecured Debt Restructuring". The Unsecured Debt Restructuring included issuing 23,247,600 common shares of the Company at $0.05 per share and $0.25 per share, for a weighted average price of $0.12 per common share and issuing $2,443,000 of New Promissory Convertible Notes, as defined below.
NI.TO: 0.02 (-0.02)
Victory Nickel Restructures Secured Debt
GlobeNewswire - Thu Mar 03, 3:40PM CST
Victory Nickel Inc. ("Victory Nickel" or the "Company" (CSE: NI, www.victorynickel.ca) today announced that it has completed the restructuring of its secured debt in the amount of $5,150,000 which matured July 31, 2015 (please refer to the news release issued November 26, 2015). The amount has been increased to $5,500,000 and the maturity date has been extended 30 months to January 31, 2018 (the "Amended Secured Loan".
NI.TO: 0.02 (-0.02)