Nevada Copper Executes Previously Announced Credit Facility
November 29 2019 - 9:05PM
Nevada Copper Corp. (TSX: NCU) (“
Nevada
Copper” or the “
Company”) is pleased to
announce that it has executed a credit agreement with Pala
Investments Limited for up to US$30 million (the “
Credit
Facility”) in connection with the previously announced
binding term sheet.
Further details of the Credit Facility are set
out in the Company’s news release of November 15, 2019. US$15
million is available immediately at the Company’s election with
additional draws as may be required subject to certain conditions
including syndication.
About Nevada Copper
Nevada Copper’s (TSX: NCU) Underground Project
is in construction with a view to commencement of copper production
in Q4, 2019. 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 Project
(under construction) and a large-scale open pit project.
Additional Information
For further information please visit the Nevada
Copper corporate website (www.nevadacopper.com).
NEVADA COPPER CORP.
Matthew Gili, President and CEOFor
further information call:
Rich Matthews, VP Investor RelationsPhone 604-355-7179Toll free:
1-877-648-8266
Email:
rmatthews@nevadacopper.com
We seek safe harbour.
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