Victory Nickel Inc.: Victory Nickel Enters into Asset Purchase Agreement for Sale of Minago Property
Victory Nickel Inc.: Victory Nickel Enters into Asset Purchase Agreement for Sale of Minago Property Victory Nickel" or the " APA") with Silver Elephant Mining Corp. (" for the conditional sale of the Company's Minago nickel property in northern Manitoba. Subject to the acquisition by Silver Elephant of 100% of the Company's debt held by the Company's secured lender (the " Secured Debt") and the restructuring, as defined in the APA, of the Secured Debt, the APA provides for consideration to the Company as follows: A US$6,675,000 credit against certain secured debt owed by Victory Nickel to Si...
Source: finanznachrichten.de