OR FOR DISSEMINATION IN THE UNITED STATES
All amounts herein are in Canadian Dollars unless otherwise indicated.
YERINGTON, Nev., Jan. 12, 2021 (GLOBE NEWSWIRE)
Nevada Copper Corp. (TSX: NCU) (“
Nevada Copper” or the “
Company”) is pleased to announce that due to strong investor demand it has amended the terms of its previously announced “bought deal” public offering of units of the Company (the “
Units”) to increase the size of the offering. In connection with the upsizing of the offering, the Company has entered into an amending agreement with Scotiabank on behalf of a syndicate of underwriters (collectively, the “
Underwriters”). Pursuant to the revised terms of the offering, the Underwriters have agreed to purchase, on a bought deal basis, 200,000,000 Units of the Company at a price of $0.165 per Unit (the “
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESAll amounts herein are in Canadian Dollars unless otherwise indicated.YERINGTON, Nev., Jan. 11, 2021 (GLOBE NEWSWIRE) Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) is pleased to announce that it has entered into an agreement with Scotiabank, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to buy on a bought deal basis 130,400,000 units of the Company (the “Units”) at a price of $0.165 per Unit (the “Offering Price”) for aggregate gross proceeds of approximately $21.5 million (the “Offering”).Mike Ciricillo, CEO of Nevada Copper commented “This offering together with the recently completed upsize of our credit facility with KfW IPEX-Bank will strengthen the Company’s balance sheet as it proceeds
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Nevada Copper Announces Further Ramp-Up Progress & Closing of Credit Facility Increase
Nevada Copper Corp.January 7, 2021 GMT
YERINGTON, Nev., Jan. 06, 2021 (GLOBE NEWSWIRE) Nevada Copper Corp. (TSX: NCU) (OTC:NEVDF) (“Nevada Copper” or the “Company”) is very pleased to announce a steady increase in performance from the Pumpkin Hollow underground project (the “Underground Project”).
Performance Highlights
Mine Hoisting. In December, the Company hoisted 36,000 tons of ore, an increase of over 60% from November. During the first week of January 2021, electrical and instrumentation commissioning of the main hoist system was completed, allowing the main hoist to operate at the full production speed of 1,800 ft per minute, with hoisting rates in January targeted to increase by 200% – 300%.