Nevada Copper closes bought deal offering including full exercise of over-allotment option

On January 29, 2021, Nevada Copper Corp. (“Nevada Copper”) announced that it completed its previously announced public offering of units, which included the exercise in full of the over-allotment option by the underwriters, comprised of a syndicate that included Scotiabank, Jett Capital Advisers, RBC Capital Markets, Haywood Securities Inc., Laurentian Bank Securities Inc., National Bank Financial Inc. and Mackie Research Capital Corporation. A total of 230,000,000 units were issued under the offering, including 30,000,000 units pursuant the over-allotment option, at a price of C$0.165 per unit for aggregate gross proceeds of approximately C$38 million.

Each unit consists of one common share of Nevada Copper and one-half of one common share purchase warrant (each full warrant, a “Warrant”). Each Warrant is exercisable for one common share at a price of C$0.22 per share until July 29, 2022.

Further information can be found on Globe Newswire’s website.

Nevada Copper is a copper producer and owner of the Pumpkin Hollow copper project.