Notgnu wrote: From the filing (in part)
Funds Managed by Castlelake File an Updated Early Warning Report
MINNEAPOLIS – September 16, 2021 – Global alternative investment firm Castlelake, L.P. (“Castlelake”), today
announced that it hasfiled an updated Early Warning Report in respect of Nevada Copper Corp. (“NCU”). Following
a series of sales by Castlelake of an aggregate of 29,628,606 NCU Shares (Transactions), Castlelake funds’ holdings
of NCU Shares decreased by 1.6% on a nondiluted basis and 1.5% on a partially diluted basis.
Prior to the completion of the Transactions, Castlelake funds held (a) 214,692,165 NCU Shares (representing
approximately 11.6% of the then current issued and outstanding NCU Shares on a nondiluted basis); and (b)
74,951,426 Warrants (representing, together with the 214,692,165 NCU Shares, approximately 15.0% of the then
current issued and outstanding NCU Shares on a partially diluted basis(assuming only the exercise of the Warrants
held by the Castlelake funds)).
Upon completion of the Transactions, Castlelake funds hold (a) 185,063,559 NCU Shares (equal to one NCU Share
below 10.0% of the current issued and outstanding NCU Shares on a nondiluted basis); and (b) 74,951,426
Warrants (representing, together with the 185,063,559 NCU Shares, approximately 13.5% of the current issued
and outstanding NCU Shares on a partially diluted basis (assuming only the exercise of the Warrants held by the
Castlelake funds)).