Ann: Convertible Note Placement, page-2

5 December 2016
ASX Market Announcements Level 6, Exchange Centre 20 Bridge Street
Sydney NSW 2000
(ASX: ENL)
CONVERTIBLE NOTE PLACEMENT
Eagle Nickel Limited (“ENL” or “Company”) is pleased to announce the completion of a convertible note
placement.
The Company has issued 200,000 convertible notes with a face value of $1.00 each (each a “Note”) to the RTO Opportunities Trust, an entity associated with Andrew McKay, a director of the Company. Subject to shareholder approval, and any regulatory approvals required, each Note is convertible into 125 fully paid ordinary shares upon the earlier to occur of 31 December 2017 and the date on which the ASX suspension of the shares of the Company is lifted.