https://www.miningweekly.com

Nevada Copper announces C$21.5m offering

12th January 2021

By: Creamer Media Reporter

     

Font size: - +

Toronto-listed Nevada Copper on Monday announced a C$21.5-million offering to bolster its balance sheet to complete the ramp-up of its Pumpkin Hollow underground project, in the US.

The company entered into an agreement with Scotiabank, on behalf of a syndicate of underwriters, pursuant to which they have agreed to buy on a bought-deal basis 130.40-million units at C$0.165 each.

Each unit will consist of one common share and one-half of one common share purchase warrant. Each warrant will be exercisable for one common share at C$0.22 a warrant share.

The offering will close on January 29, subject to the receipt of all necessary regulatory and stock exchange approvals.

Nevada Copper in December announced a funding package for the mine, consisting of new cash resources of $31-million, amendments to its senior credit facility providing a further $26-million in increased liquidity and up to an additional $25-million of undrawn funds.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.043 0.97s - 110pq - 2rq
Subscribe Now