Nevada Copper completes public offering of common shares

On July 9, 2018, Nevada Copper Corp. ("Nevada Copper") announced that it completed its previously announced public offering of 160,000,000 common shares at a price of C$0.60 per common share, for gross proceeds of C$96 million.

The offering was underwritten by a syndicate of underwriters led by National Bank Financial Inc., BMO Capital Markets, RBC Capital Markets and Scotiabank. Pursuant to the partial exercise of an over-allotment option granted to the underwriters under the same terms as the offering, on July 17th, 2018, Nevada Copper announced that it issued an additional 20,771,021 common shares, for aggregate gross proceeds of approximately C$12.5 million, bringing the aggregate gross proceeds of the offering to approximately C$108.5 million.

Nevada Copper intends to use the proceeds from the offering primarily to continue advancing towards construction of its underground project at its 100%-owned, fully-permitted Pumpkin Hollow Project.

Nevada Copper owns Pumpkin Hollow – the only major, shovel-ready and fully-permitted copper project in North America, with substantial reserves and resources including copper, gold and silver.

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