NEWS! beginning of the move back up.We should be geting close to hearing some drill results or something soon. Say good bye to these prices. Double bottom formed.
2008-04-30 10:09 PT - News Release
Mr. Giulio Bonifacio reports
NEVADA COPPER CLOSES BOUGHT DEAL
Nevada Copper Corp. has closed its previously announced bought-deal private placement of 2.4 million units at a purchase price of $2.70 per unit for gross proceeds of $6.48-million with a syndicate of underwriters, led by Acumen Capital Finance Partners Ltd. and including Fraser Mackenzie Ltd. Each unit consists of one common share and one-half of a transferable common share purchase warrant. Each whole warrant is exercisable into one common share for a period of 18 months from closing at a price of $3.20 per share. In the event the company's common shares trade on the Toronto Stock Exchange at a price of $4 or greater for a period of 20 consecutive trading days, notice shall be provided to the warrantholders advising them of an accelerated warrant expiry deadline of 30 days from the date of notice.
The underwriters were issued compensation options equal to 7 per cent of the units sold under the private placement. Each compensation option entitles the underwriters to acquire a unit at a price of $2.70 per unit for a period of 18 months from closing, with each unit having the same terms as the units issued to investors under the offering.