EARLY REPAYMENT OF US$17.5 MILLION CONVERTIBLE NOTE
1 SEPTEMBER 2020
Poseidon Nickel Ltd (ASXOS, “the Company”) hereby announces the early
repayment of the US$17.5 million convertible note held by a subsidiary of major
Poseidon Nickel shareholder Black Mountain Metals (BMM), prior to its maturity
on 30 September 2020, presenting an interest saving to the Company.
BMM has agreed to waive interest in lieu of early repayment of principal prior to
maturity on 30 September 2020. All other terms of the convertible note remain in
place until maturity on 30 September 2020, and therefore the note remains
convertible up until that date.
Peter Harold
Managing Director & CEO
1 September2020
For further information contact Peter Harold: + 61 (0)8 6167 6600.
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