Business
FPX Nickel Closes Debt Retirement and Announces Stock Option Grant
FPX Nickel Closes Debt Retirement and Announces Stock Option Grant Canada NewsW...
About this update from Fpx Nickel Corp
[{"type":"text","content":"\n \n \n \n FPX Nickel Closes Debt Retirement and Announces Stock Option Grant\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Feb. 11, 2021\n \n /CNW/ - FPX Nickel Corp. (TSXV: FPX)\n \n \n (\"\n \n FPX\n \n \" or the \"\n \n Company\n \n \") is pleased to report that, as announced in its\n \n January 20, 2021\n \n news release, the Company has issued 5,312,386 common shares of the Company in settlement (the \"\n \n Debt Conversion\n \n \") of the\n \n $3,453,051\n \n principal and interest owing on the long-term loan provided to the Company by a Private Shareholder (the \"\n \n Private Shareholder Loan\n \n \").  On completing the Debt Conversion, the Private Shareholder Loan has been extinguished and the Company is now debt-free.\n \n \n \n \n \n \n \n \n \n All the securities issued pursuant to the Debt Conversion will be subject to a four (4) month hold period.  Completion of the Debt Conversion is subject to receipt of all required regulatory approvals.  In accordance with Venture Exchange Policy 4.3\n \n Shares for Debt\n \n , which requires that the identity of the creditor in a debt conversion transaction be disclosed, the creditor is the Allyn T. Knoche Living Trust.  Mr.\n \n Allyn Knoche\n \n , Trustee of the Living Trust, will be the beneficial owner of 32,996,843 common shares of FPX, after giving effect to the Debt Conversion.\n \n \n The Company further announces that it will be participating in Renmark Financial Communications Inc.'s live Virtual Non-Deal Roadshow Series to provide a Company overview and discuss its 2021 plans on\n \n Wednesday, February 24\n \n \n th\n \n at\n \n 4:00 pm Eastern time\n \n (\n \n 1:00 pm Pacific time\n \n ).  FPX welcomes stakeholders, investors, and other individual followers to register and attend this live event using the following registration link:\n \n https://talk-deck.com/info/live-register/?292!ut9dx30v1dy\n \n .\n \n \n FPX has granted 250,000 stock options to a Company employee.  The stock options have an exerc...