Fletcher Nickel To Issue $500,000 Series B Preferred Shares
Toronto, Canada, March 25th, 2009 – Fletcher Nickel Inc (TSX: FL) has arranged to issue 500,000 Series B preference shares to satisfy the dividends due to the Series A preference shareholder on the 15th day of February, May, August and November 2009 and February 2010. Each Series B preference share is redeemable at $1 on or before March 15, 2014, entitles the holder to receive a 5% cumulative annual preferential cash dividend payable quarterly, and is convertible into 2.5 common shares at any time prior to redemption. Completion of the transaction is subject to all indicated regulatory approvals being first received.
For Further Information:
Bruce Hodgman
Communications Director
Direct: (416) 642-3575 (ext: 103)
info@fletchernickel.com
