By Laura Lutz
Washington, Dec. 20 - Nevada Copper Corp. priced a private placement of units for C$1.25 million.
The company plans to sell 1 million units to Longview Capital Partners Inc. at C$1.25 per unit.
Each unit will consist of one share and one half-share warrant with each warrant exercisable at C$1.50 for 18 months.
Proceeds will be used to accelerate development and a planned feasibility study on the company's 100% owned Pumpkin Hollow copper property in Western Nevada.
Nevada Copper is a copper company based in Vancouver, B.C.
| Issuer: | Nevada Copper Corp.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$1.25 million
|
| Units: | 1 million
|
| Price: | C$1.25
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | 18 months
|
| Warrant strike price: | C$1.50
|
| Pricing date: | Dec. 20
|
| Stock symbol: | TSX Venture: NCU
|
| Stock price: | C$1.45 at close Dec. 19
|
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