Nevada Copper Closes $23.7 Million Bought-Deal Private Placement Financing

Nevada Copper Corp. (TSX: NCU) reported that the company has closed its previously announced bought-deal private placement of 7,762,500 common shares at a purchase price of $3.05 per common share for aggregate gross proceeds to Nevada Copper of $23,675,625.

The press release is quoted as saying:

Nevada Copper will have 53.1 million shares outstanding upon completion of the Offering and is well funded with CDN$28 million in cash.

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