Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

First Nickel completes US$10 million convertible working capital facility financing

Reading Time 1 minute read Subscribe



First Nickel

On July 23, 2009, First Nickel Inc. announced that it had completed its financing with Resource Capital Fund IV L.P. for a US$10 million convertible working capital facility maturing on December 31, 2013. Proceeds will be used as working capital, for general corporate purposes and to begin incremental capital projects at the Lockerby Mine that will expedite launch of the full capital development program when full financing for the project is arranged. First Nickel was advised in this transaction by a team from Fasken Martineau that included Michael Bourassa, Nancy Eastman and Alex Nikolic (corporate); David Johnson and Jared Gordon (banking); and Steve Blimkie and Dugan Edmison (real estate), with the assistance of real property law clerk Linda Caldwell.



    Receive email updates from our team