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

January 29, 2021

Torys represented Nevada Copper with a team that included Michael Amm, Janan Paskaran, Michael Jason and Melodie Adamson (corporate/securities).

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.