VANCOUVER, 01/31/12 - Anfield Nickel Corp. ('Anfield') (TSX VENTURE: ANF) hereby announces that it has agreed with Lumina Capital Limited Partnership ('LCLP') to extend the maturity date of the loan of Cdn.$6 million from LCLP from January 31, 2012 to April 30, 2012. The loan accrues interest at a rate of 10% per annum, and is compounded yearly and not in advance. 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. 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.
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VANCOUVER, 01/31/12 - Anfield Nickel Corp. ('Anfield') (TSX VENTURE: ANF) hereby announces that it has agreed with Lumina Capital Limited Partnership ('LCLP') to extend the maturity date of the loan of Cdn.$6 million from LCLP from January 31, 2012 to April 30, 2012. The loan accrues interest at a rate of 10% per annum, and is compounded yearly and not in advance. 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. 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.
