Niko Resources Ltd. Announces Loan Agreement for $60 Million

Niko Resources Ltd. Announces Loan Agreement for $60 Million 
CALGARY, ALBERTA -- (Marketwired) -- 07/12/13 -- Niko Resources Ltd.
("Niko" or the "Company") (TSX:NKO) is pleased to announce today that
it has entered into an agreement for a US$60 million loan (the
"Loan") to be funded by a group of institutional investors.  
The Loan will bear interest at 7.00% per annum, payable quarterly,
and will mature on July 17, 2015 with no scheduled amortization. The
Company has the right to prepay the Loan after one year without
penalty. The Loan will be guaranteed on an unsecured basis by the
Company's subsidiaries that directly or indirectly own the Company's
interests in the D6 Block in India and will secured by pledges of the
shares of the Company's subsidiaries that own the Company's interests
in the NEC-25 Block in India and two blocks in Indonesia.  
Niko estimates the net proceeds from the Loan will be approximately
US$52.5 million, after deducting the original issue discount and the
estimated related expenses payable by Niko. Under the terms of the
Loan, the net proceeds can be used for funding of working capital
requirements, with drawdowns to occur in separate tranches on or
before July 31, 2013.  
In connection with the Loan agreement, the Company has also signed
exploration option agreements granting farm-in options to the
investors' nominee to (i) receive a five percent working interest in
each of the two blocks in Indonesia, after payment of five percent of
the costs incurred in the applicable block(s) or (ii) receive a
specified cash payment if a commercial discovery is made with the
initial well(s) drilled in the applicable block(s) and the optionee
elects not to exercise its farm-in option in the applicable block(s). 
Forward-Looking Information  
Certain statements in this press release constitute forward-looking
information. Specifically, this press release contains
forward-looking information relating to the drawdown dates of the
Loan. These forward-looking statements are based on certain key
expectations and assumptions of management. The reader is cautioned
that the assumptions used in the preparation of such forward looking
information, although considered reasonable at the time of
preparation, may prove to be incorrect. Actual results achieved
vary from the information provided herein as a result of numerous
known and unknown risks and uncertainties and other factors and such
variations may be material. Niko makes no representation that the
actual results achieved during the forecast period will be the same
in whole or in part as those forecast.
Niko Resources Ltd.
Edward Sampson
Chairman of the Board, President & CEO
(403) 262-1020 
Niko Resources Ltd.
Glen Valk
VP Finance & CFO
(403) 262-1020
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