Victory Nickel tidies up capital structure to repay overdue loan
Published: Friday, 05 June 2015
Victory Nickel has missed the maturity date of its $1m loan due on 31 May 2015 as low oil prices continue to gnaw at its key market, frac sand.
Victory Nickel Inc. is amending its debt structure in order
to pay a loan that came due on 31 May 2015. The frac sand
producer is undergoing refinancing and restructuring as low oil
prices hit exploration and production activity...