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Article: Nuinsco Deals With Loan and Gains Strong Strategic Investor for Victory Nickel.
- Article from:
- Marketwire Canada
- Article date:
- August 4, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Aug 4, 2009 (Marketwire via COMTEX) -- Nuinsco Resources Limited ("Nuinsco" or "the Company") (TSX:NWI) (www.nuinsco.ca) today announced that it has closed a transaction (the "Transaction") with a subsidiary of Jilin Jien Nickel Industry Co. Ltd., an integrated mining, smelting, refining and chemical production company based in the City of Panshi, Province of Jilin, China ("Jilin Jien").
Under terms of the Transaction, Jilin Jien's subsidiary, Jien International Investment Limited ("Jien"), has loaned the Company US$2.8 million on a two-year term. The Company has pledged the Cameron Lake gold deposit and its shares in Gold Hawk Resources Inc. as ...