Nevada Copper Receives Second Tranche of US$15 Million Under Senior Secured Loan Facility

- October 9th, 2013

Nevada Copper Corp. (TSX:NCU) received a second tranche of US$15 million, pursuant to the US$200 million senior secured loan facility and copper concentrate off-take agreement between Nevada Copper and a special purpose vehicle that is jointly owned by Orion Resource Partners and RK Mine Finance.

Nevada Copper Corp. (TSX:NCU) received a second tranche of US$15 million, pursuant to the US$200 million senior secured loan facility and copper concentrate off-take agreement between Nevada Copper and a special purpose vehicle that is jointly owned by Orion Resource Partners and RK Mine Finance.

As quoted in the press release:

A total of US$51 million has been received from this facility with a further US$149 million to be received in early Q3-2014 on the completion of certain other project milestones, including completion of the 24 foot diameter, 2,140 foot deep production-sized shaft.

Click here to read the Nevada Copper Corp. (TSX:NCU) press release

See this press release on Marketwire
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