By Laura Lutz
Des Moines, May 23 - Nevada Copper Corp. arranged a C$5 million private placement of units with Blackfish-Investec Resources Special Situations Fund and Investec Bank.
The company plans to sell 2,127,660 units of one share and one half-share warrant at C$2.35 per unit. Each whole warrant will be exercisable at C$2.90 for two years.
The placement will be non-brokered.
Proceeds will be used for drilling and a feasibility study.
Nevada Copper is a mining company based in Vancouver, B.C.
| Issuer: | Nevada Copper Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$5 million
|
| Units: | 2,127,660
|
| Price: | C$2.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$2.90
|
| Agent: | Non-brokered
|
| Pricing date: | May 23
|
| Stock symbol: | TSX Venture: NCU
|
| Stock price: | C$2.58 at close May 23
|
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