Nevada Copper Corp. (TSX:NCU) entered into a share purchase agreement with Pala Investments Limited, where Nevada Copper agrees to purchase an aggregate of 46,000,000 common shares of Mercator Minerals Ltd., approximately 17.8% of the issued and outstanding common shares of Mercator from Pala Investments.
As quoted in the press release:
Pala Investments is currently an insider of Nevada Copper and holds an aggregate of 27,381,981 common shares of the Company representing approximately 37.4% of the current issued and outstanding common shares. Upon completion of the Share Purchase, Pala Investments will hold an aggregate of 34,696,981 common shares of the Company representing approximately 43.1% of the then-issued and outstanding common shares of the Company.
Click here to read the Nevada Copper (TSX:NCU) press release
MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1766.15 | +0.14 | |
| Silver | 20.36 | +0.03 | |
| Copper | 3.59 | +0.12 | |
| Palladium | 2134.00 | +13.00 | |
| Platinum | 900.50 | +2.51 | |
| Oil | 98.30 | +1.88 | |
| Heating Oil | 3.53 | -0.08 | |
| Natural Gas | 8.29 | +0.15 | |