GREY:NEVDQ - Post by User
Post by
imorighton Jun 01, 2022 11:02am
201 Views
Post# 34723265
Interesting buys by a couple of Firms
Interesting buys by a couple of FirmsBoth Cormark and Paradigm are buying recently . They were both involved in 2011 with NCU. Interesting for sure. They both wouldn't be coming back for another beating I would guess.
Nevada Copper Closes $65 Million Bought Deal Financing
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
August 2, 2011- Nevada Copper Corp. (“Nevada Copper” or the “Company”) is pleased to announce that it has closed its previously announced Cdn.$65 million bought deal equity financing (the “Financing”). A syndicate of underwriters, led by Canaccord Genuity Corp. and Scotia Capital Inc., and including GMP Securities L.P., Cormark Securities Inc., Macquarie Capital Markets Canada Ltd., Paradigm Capital Inc., Desjardins Securities Inc. and M Partners Inc., (collectively, the “Underwriters”), purchased an aggregate of 12,050,000 common shares of the Company at a purchase price of Cdn.$5.40 per share.
The Underwriters were granted an over-allotment option, which is exercisable in whole or in part until 30 days after the closing of the Financing, to purchase up to an additional 1,807,500 common shares of the Company at a purchase price of Cdn.$5.40 per share.
The net proceeds from the Financing will be used primarily to fund underground access, development and exploration of its Pumpkin Hollow deposit located in Nevada.