- Nevada Copper (NCU) has announced plans for a marketed public offering to raise aggregate gross proceeds of $75,000,000
- The offering will be led by Scotiabank, as lead underwriter and sole-bookrunner
- Each unit will consist of one common share and one-half of one common share purchase warrant
- Final pricing of the units and the number of units to be sold are yet to be determined
- Nevada Copper is a Canadian-based mining company
- Nevada Copper Corp. (NCU) opened trading at C$1.01 per share
Nevada Copper (NCU) has filed a preliminary short form prospectus in connection with a marketed public offering to raise aggregate gross proceeds of $75,000,000.
Pala Investments Limited, Nevada Copper’s biggest investor, has committed to purchasing an aggregate number of units to maintain its current shareholding percentage in the company on a private placement basis.
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 for a period of 18 months following the closing of the offering.
Final pricing of the units and the number of units to be sold will be determined following marketing. The offering will be conducted by a syndicate of underwriters to be led by Scotiabank, as lead underwriter and sole-bookrunner.
The company intends to grant the underwriters an over-allotment option to purchase up to an additional 15 per cent of the units sold under the offering.
Nevada Copper is a Canadian-based mining company engaged in the exploration, and development of copper and other mineral properties located in the United States.
Nevada Copper Corp. (NCU) opened trading at C$1.01 per share.