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Nevada Copper Corp NEVDQ

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.


GREY:NEVDQ - Post by User

Post by murrpacon Aug 19, 2024 9:58am
122 Views
Post# 36185712

Cured costs

Cured costsJust curious if anyone has insight regarding the cured costs that the stalking horse bidder has accepted obligation for. I haven't seen anyone touch on this yet. Appreciate all the information so far from everyone. 

My understanding is cured costs include monetary liabilitiy obligations prior to recievership (debt, lease payments, warrants, streams). Please correct me if incorrect. 

The purchase price under the Stalking Horse APA is US$128 million plus the Buyer’s obligation to pay certain cure costs with an adjustment for the assumption of certain liabilities

Also assuming certain liabilities above are out of the money warrants...? Again would like others opinions on this - I'm no lawyer. 













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