By Devika Patel
Knoxville, Tenn., April 9 - Nevada Copper Corp. said it will raise C$20.59 million in a private placement of stock.
The company plans to sell 6.75 million common shares at C$3.05 apiece on a bought-deal private placement basis.
The deal will be conducted by a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including Scotia Capital Inc. There is a C$3.09 million greenshoe.
Settlement is expected April 27.
Proceeds will be used to fund continued development of the Pumpkin Hollow Property and for general working capital purposes.
Nevada Copper is a mining company based in Vancouver, B.C.
| Issuer: | Nevada Copper Corp.
|
| Issue: | Common shares
|
| Amount: | C$20,587,500
|
| Greenshoe: | C$3,088,125
|
| Shares: | 6.75 million
|
| Price: | C$3.05
|
| Warrants: | No
|
| Pricing date: | April 9
|
| Settlement date: | April 27
|
| Stock symbol: | Toronto: NCU
|
| Stock price: | C$3.25 at close on April 8
|
| Market capitalization: | C$145 million
|
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