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Bridge Facility With Pala Investments

Tags: fund
DATE POSTED:November 14, 2017

VANCOUVER, British Columbia, Nov. 14, 2017 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX:NCU) ("Nevada Copper") is pleased to announce that Pala Investments Limited, Nevada Copper’s largest shareholder, has made available a short-term bridging facility (the “Facility”) to Nevada Copper in the principal amount of US$3.5 million. The funds will be used to fund the completion of a feasibility study and related engineering work directed towards the construction of an underground project at Pumpkin Hollow, and for general working capital purposes. The Facility, which carries an interest rate of 7%, has a term of six months and may be repaid earlier without penalty. 

Tags: fund