Nevada Copper Corp NEVDQ

Metals & Mining Copper

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and a large-scale open pit PFS stage project. The Property is located in northwestern Nevada and consists of approximately 24,300 acres of contiguous mineral rights including approximately 10,800 acres of owned private land and leased patented claims. Pumpkin Hollow is located approximately 8 miles southeast of the small town of Yerington, Nevada in Lyon County, one- and one-half hours drive southeast of Reno. The Company’s wholly owned subsidiary is Nevada Copper, Inc.

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Nevada Copper Corp

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Post by NycePriceon Jan 29, 2015 11:02am

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Post# 23377002

$127 Million Copper Mine in Production within Weeks

MWE Just Raised $19 Million Dollars @ $0.12 Last Month. 300% Higher than Current SP...What a January Wefefect selloff. $127 Million Dollar Mine now fully Paid/ Commissioned and ready for Full Commercial Production within Weeks. Load Up. Their Are Amaing Junior Deals still around in this Market

Mawson closes $19.3-million (U.S.) in financings

2014-12-19 09:52 ET - News Release

Mr. Bruce McFadzean reports

MAWSON WEST CLOSES FINANCING AND DEBT RESTRUCTURING PACKAGE

Mawson West Ltd. has completed portions of its previously announced transaction with Galena Private Equity Resources Fund LP, whereby Galena has provided the company with an immediate $19.3-million (U.S.) in financing. Galena has also agreed, subject to certain conditions, to backstop future additional financing efforts by Mawson West by subscribing for additional shares of Mawson West for a minimum of $8.64-million and up to $21.6-million. The total gross proceeds raised following completion of the additional financing will be approximately $33.4-million (U.S.). In addition, Galena's affiliate entity Trafigura Pte. Ltd., the company's current offtaker and senior lender, has provided additional financial assistance to the company through amendments to its prepayment facility with Trafigura, and an extension to the term of its offtake agreement with Trafigura.

Highlights:

$5-million private placement by Mawson West of 41.67 million shares at a price of 12 cents per share to Galena Private Equity Resources Fund LP;
$10-million (U.S.) secured loan facility from Galena to Mawson West, repayable in September, 2017, with interest of 12 per cent per annum, with 75.76 million warrants exercisable at 15 cents issued to Galena;
$5-million (U.S.) unsecured bridge loan from Galena to Mawson West, repayable on or before Feb. 28, 2015, with interest of 12 per cent per annum, with 7.58 million warrants exercisable at 15 cents issued to Galena;
Galena to backstop Mawson West by agreeing to purchase additional shares for a minimum of $8.64-million and up to $21.6-million at a price of 12 cents per share under contemplated future financing efforts by Mawson West;
Maturity date of the Trafigura prepayment facility extended by nine months to June, 2017, $19-million (U.S.) in repayments deferred, and flexibility of proceeds account structure increased to assist with cash flow.