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(AMM) First Nickel secures $5M in financing to help restart Lockerby Mine

September 03, 2010 - 21:42 GMT Location: NEW YORK

KEYWORDS: First Nickel , Lockerby Mine , nickel

Canadian exploration and mining company First Nickel Inc. has received $5-million in bridge financing from Resource Capital Fund LLC to help restart its Lockerby Mine near Sudbury in northern Ontario.

Paul Davis, First Nickel's vice president of exploration, said the money would be spent on various projects, including preparing a better ore handling system and...

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