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Anfield Announces $3 Million Loan from Lumina Capital Limited Partnership

May 1 2013 12:00AM

Marketwire

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VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/01/13 -- Anfield Nickel Corp. ("Anfield") (TSX VENTURE: ANF) hereby announces that it has received a loan of Cdn $3 million from Lumina Capital Limited Partnership ("LCLP"). 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 December 31, 2013 or two business days after the Company completes any financing greater than the $3 million loan amount plus accrued interest by way of private placement of shares. 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 LCLP as a result of the loan.

Anfield Nickel Corp.

David Strang

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.



Contacts:
Anfield Nickel Corp.
David Strang
+ 604 646-1899
+ 604 687-7041 (FAX)





Source: Marketwire


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