[url=https://peketec.de/trading/viewtopic.php?p=2035338#2035338 schrieb:
Muesli2k schrieb am 11.01.2021, 21:34 Uhr[/url]"]zyt
ORIGINAL: Nevada Copper Announces $21.5 Million Bought Deal Public Offering of Units
2021-01-11 15:28 ET - News Release
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
All 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 to complete its ramp-up of the Pumpkin Hollow Underground Project.”
Each Unit will consist of one common share of the Company (each a “Common Share”) and one-half of one common share purchase warrant (each full warrant, a “Warrant” and collectively the “Warrants”). Each Warrant will be exercisable for one Common Share (each a “Warrant Share”) at a price of $0.22 per Warrant Share at any time for a period of 18 months following closing of the Offering.
The Company has granted the Underwriters an option, exercisable in whole or in part, at the sole discretion of the Underwriters, at any time for a period of 30 days from and including the closing of the Offering, to purchase from the Company up to an additional 15% of the Units sold under the Offering, on the same terms and conditions of the Offering to cover over-allotments, if any, and for market stabilization purposes (the “Over-Allotment Option”). The Over-Allotment Option may be exercised by the Underwriters to purchase additional Units, Common Shares, Warrants or any combination thereof. In the event the Over-Allotment Option is exercised in full, the aggregate gross proceeds of the Offering to the Company will be approximately $24.7 million.
The Units will be offered by way of a short form prospectus to be filed in all provinces of Canada, except Quebec. The Offering is expected to close on or about January 29, 2021, subject to the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange and applicable securities regulatory authorities.
The Company intends to use the net proceeds of the Offering to:
repay approximately US$15.6 million of outstanding indebtedness which had been advanced by Pala Investments Limited (“Pala”), the Company’s largest shareholder, to the Company in November and December to fund its operations prior to and as a condition of the receipt by the Company of US$15 million of additional funds under its upsized senior credit facility with KfW IPEX-Bank; US$15 million will be available to be newly drawn by the Company under the terms of a credit facility to be entered into concurrently with closing of the Offering to fund the construction and ramp-up of the Company’s Pumpkin Hollow Underground Project and for the general working capital needs of the Company; and
fund general corporate purposes, including working capital.
Additionally, Pala has agreed to subscribe for approximately $11 million Units on a private placement basis at the Offering Price (the “Concurrent Private Placement”) with such subscription to be satisfied by Pala tendering certain outstanding indebtedness owed by the Company to Pala in the amount of approximately $11 million. Such indebtedness was advanced by Pala to the Company in October to fund its operations in advance of a longer-term financing solution becoming available. The Concurrent Private Placement will close concurrently with the Offering.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade underground mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.
NEVADA COPPER CORP.
Da hänge ich mit einer vollen Posi (20%Depot) halt auch noch drin
kann ich nur unterstreichen..habe hier auch Jahre gebraucht um das für mich entsprechend einzunorden; Geld versenkt wegen Ungeduld...
um mit etwas Erfolg auch diese Lernphase zu überstehen. Das Thema Management und eventuell beteiligte Partner (Pala, Glencore usw.) an einem Projekt oder Bude habe ich schon bemerkt; man weiss halt nie was diese Globalplayer so spielen und ob sie einem Pennyzocker auch was vom Gewinn abfallen lassen.
