Niko Resources Ltd. Announces Closing of Over-Allotment Option Relating to Public Offering of Common Shares and Convertible Notes

11.12.2012  |  Marketwired

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

CALGARY, ALBERTA--(Marketwire - Dec. 11, 2012) - Niko Resources Ltd. ("Niko") (TSX:NKO) is pleased to announce that it has closed the sale of an additional (i) 688,000 Niko common shares (the "Common Shares") at Cdn$8.50 per Common Share for gross proceeds of approximately Cdn$5.8 million and (ii) Cdn$15 million principal amount of 7.00% convertible senior unsecured notes (the "Notes") at a price of Cdn$1,000 per Note, pursuant to the over-allotment option exercised by the underwriters in connection with the recent public offering of Common Shares and Notes.

Including the exercise of the over-allotment option and a separate concurrent offering to Maju Investments (Mauritius) Pte. Ltd., the offerings resulted in the issue of 18,570,350 Common Shares and Cdn$115 million principal amount of Notes for aggregate gross proceeds of approximately Cdn$273 million.


This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Niko in the United States. The Common Shares and Notes described in this press release (and any Common Shares issued upon the conversion, redemption or maturity of the Notes) have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state and may not be offered, sold or delivered in the United States absent an exemption from registration.



Contact

Niko Resources Ltd.
Edward Sampson, Chairman of the Board, President & CEO
(403) 262-1020

Niko Resources Ltd.
Murray Hesje, VP Finance & CFO
(403) 262-1020
www.nikoresources.com