Nevada Copper Announces Filing of Amended Prospectus and Executes Pala Convertible Loan Agreement

Nevada Copper Corp. (TSX:NCU) announced that it will file an amended and restated preliminary short form prospectus in connection with a proposed offering of subscription receipts. Aggregate net proceeds from the Offering will total a minimum of approximately US$5 million which, when combined with proceeds of US$5 million from a convertible loan facility with Pala Investments Limited, will satisfy the Company’s financing requirement pursuant to its amended senior secured loan agreement with an affiliate of Red Kite Mine Finance.
Nevada Copper President and CEO, Giulio Bonifacio, stated:

Pumpkin Hollow represents the only large, fully-permitted copper deposit in the Americas not currently owned by a major, in an ideal location with existing infrastructure. We are extremely pleased with support shown by both Pala and Red Kite over the last several months as upon completion of the equity financing we will be well postioned to focus on strategic options and conduct a full strategic review with the sole focus of ensuring we maximixe value for all stakeholders.

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