Nevada Copper raised C $97 million through a public offering of shares

Jul 29, 2020 11:18

SMM7, June 29 / PRNewswire-FirstCall-Asianet /-- Nevada Copper (Nevada Copper) recently announced that it has completed a public offering of 634.7 million shares at C $0.15 per share, raising a total of C $97 million to resolve the company's severe financial crisis.

All the net proceeds will be used for the operation of the company, including the continuation of previously announced plans to accelerate mine development, restart and increase production of the PumpkinHollow underground mine, debt repayment, etc.

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Nevada Copper raised C $97 million through a public offering of shares

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