|By Marketwired .||
|April 24, 2014 06:41 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/24/14 -- 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.
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.
+ 604 646-1899
+ 604 687-7041 (FAX)
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