Nevada Copper Executes Previously Announced Credit Facility

Written by Customer Service on . Posted in Public Companies.

VANCOUVER, British Columbia, Nov. 29, 2019 (GLOBE NEWSWIRE) — Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company”) is pleased to announce that it has executed a credit agreement with Pala Investments Limited for up to US$30 million (the “Credit Facility”) in connection with the previously announced binding term sheet.
Further details of the Credit Facility are set out in the Company’s news release of November 15, 2019. US$15 million is available immediately at the Company’s election with additional draws as may be required subject to certain conditions including syndication. About Nevada CopperNevada Copper’s (TSX: NCU) Underground Project is in construction with a view to commencement of copper production in Q4, 2019. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully-permitted projects include the high-grade Underground Project (under construction) and a large-scale open pit project.Additional InformationFor further information please visit the Nevada Copper corporate website (www.nevadacopper.com).NEVADA COPPER CORP.Matthew Gili, President and CEO
For further information call:Rich Matthews,
VP Investor Relations
Phone 604-355-7179
Toll free: 1-877-648-8266                                                   
Email: rmatthews@nevadacopper.comWe seek safe harbour.

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