- Premium Nickel Resources (PNRL) informs of the extension of a $7 million promissory note
- The note is an arm’s length limited partnership
- The company paid an amendment and restatement fee of $225,000 and issued 350,000 non-transferable common share purchase warrants
- Each Warrant is able to acquire one common share at $1.75 per common share for one year
- The Canadian company also appointed Don Newberry in October, where he filled a vacancy
- Premium Nickel Resources (PNRL) is down 5.77 per cent, trading at C$1.47 at 11:54 am EDT.
Premium Nickel Resources (PNRL) entered into an amended and restated promissory note extending the maturity of its previously issued $7 million promissory note.
Taking place from March 22, 2023, to November 24, 2023, the note is an arm’s length limited partnership.
In connection with the promissory note, the company paid an amendment and restatement fee of $225,000 and issued 350,000 non-transferable common share purchase warrants to the lender.
Each Warrant is able to acquire one common share at $1.75 per common share for one year.
In addition, Premium Nickel confirmed that a total of 221,448 broker warrants were issued to the agents of the private placement back in February.
The Canadian company also appointed Don Newberry in October, where he filled a vacancy.
PNRL is a mineral exploration and development company that focuses on discovering and advancing high-quality nickel, copper and cobalt resources.
Premium Nickel Resources (PNRL) is down 5.77 per cent, trading at C$1.47 at 11:54 am EDT.