CALGARY, AB--(Marketwired - July 19, 2016) - Niko Resources Ltd. (Niko or the Company) (TSX: NKO) wishes to announce the following changes to the Board of Directors and management of the Company: Niko wishes to announce that Mr. Kevin J. Clarke, having led the Company to the point where it has implemented its strategic plan, has resigned from his role as Chairman of the Board, director, and interim Chief Executive [...]
CALGARY, AB--(Marketwired - July 18, 2016) - Niko Resources Ltd. ("Niko" or the "Company") (TSX: NKO) provides the following updates. Implementation of Strategic Plan Niko is pleased to announce that it has (i) entered into an amendment to its senior term loan facilities agreement (the "Facilities Agreement"), (ii) formally amended the indenture (the "Indenture") governing its 7 percent senior secured convertible notes [...]
CALGARY, AB--(Marketwired - June 28, 2016) - Niko Resources Ltd. ("Niko" or the "Company") (TSX: NKO) is pleased to report its operating and financial results for the quarter and year ended March 31, 2016. The operating results are effective June 28, 2016. All amounts are in US dollars unless otherwise indicated and all amounts are reported using International Financial Reporting Standards unless otherwise indicated [...]
CALGARY, AB--(Marketwired - June 24, 2016) - Niko Resources Ltd. ("Niko" or the "Company") (TSX: NKO) announces that, further to its news release of June 10, 2016 regarding its solicitation of consents (the "Consent Solicitation") to amend the trust indenture (the "Indenture") governing its outstanding 7% convertible senior unsecured notes due December 31, 2017 (the "Notes"), it has received consents from holders of the [...]
CALGARY, AB--(Marketwired - June 13, 2016) - Niko Resources Ltd. ("Niko" or the "Company") (TSX: NKO) provides the following updates. Non Payments by Petrobangla of Amounts Due As previously disclosed in the Company's press release of May 30, 2016, the international tribunals (the "Tribunals") constituted under the rules of the International Centre for Settlement of Investment Disputes ("ICSID") issued the Third Decision [...]
CALGARY, AB--(Marketwired - June 10, 2016) - Niko Resources Ltd. ("Niko" or the "Company") (TSX: NKO) announces that it has today commenced a solicitation of consents (the "Consent Solicitation") to amend the trust indenture (the "Indenture") governing its 7% convertible senior unsecured notes due December 31, 2017 (the "Notes"). The terms and conditions of the Consent Solicitation are set out in the consent solicitation [...]
CALGARY, AB --(Marketwired - May 30, 2016) - Niko Resources Ltd. ("Niko" or the "Company") (TSX: NKO) is pleased to announce that the international tribunals constituted under the Rules of the International Centre for Settlement of Investment Disputes ("ICSID") have issued the Third Decision on the Payment Claim initiated by the Company's indirect subsidiary, Niko Resources (Bangladesh) Ltd. ("NRBL"), against Bangladesh [...]
CALGARY, AB--(Marketwired - May 24, 2016) - Niko Resources Ltd. ("Niko" or the "Company")(TSX: NKO) provides the following updates. Commencement of Consent Solicitation The Company now expects that it will, on or about May 31, 2016, commence the solicitation of consents to amend the trust indenture governing its 7% senior unsecured convertible notes due December 31, 2017 so as to give effect to its previously disclosed [...]
CALGARY, AB--(Marketwired - May 16, 2016) - Niko Resources Ltd. ("Niko" or the "Company") (TSX: NKO) announces that a writ petition has been filed before the Supreme Court of Bangladesh, High Court Division (the "Court") in Dhaka by a citizen of Bangladesh against (i) the Government of Bangladesh (the "GOB"), (ii) Bangladesh Oil, Gas and Mineral Corporation ("Petrobangla"), (iii) Bangladesh Petroleum Exploration [...]
CALGARY, AB--(Marketwired - April 25, 2016) - Niko Resources Ltd. ("Niko" or the "Company") (TSX: NKO) provides the following updates. 100% Support of Strategic Plan by Lenders On March 14, 2016, the Company announced that it had executed a support agreement with its institutional lenders holding approximately 85% of the senior term loan facilities in support of the Company's previously disclosed strategic plan of [...]
CALGARY, AB--(Marketwired - March 31, 2016) - Niko Resources Ltd. ("Niko" or the "Company") (TSX: NKO) provides the following updates on the prices for current and potential future natural gas sales from the D6 Block in India: Natural Gas Prices for April 1, 2016 to September 30, 2016 for Fields Under Production as at December 31, 2015 In accordance with the New Domestic Natural Gas Guidelines, 2014, issued in October [...]
CALGARY, ALBERTA--(Marketwired - Mar 28, 2016) - Niko Resources Ltd. (Niko or the Company) (TSX:NKO) wishes to announce that Mr. Kevin J. Clarke has indicated he intends to resign from his role as Chairman of the Board and interim Chief Executive Officer, effective upon the completion of the previously announced restructuring transaction described in detail in the Company's press release of March 14, 2016. The Company is [...]