10:13 AM EST - Nevada Copper Corp. : Announced the execution of binding agreements with respect to a financing package that will provide liquidity for the continued ramp-up of operations at the Company’s underground project The Company has entered into binding agreements with several of its existing financing partners to provide substantial additional liquidity to the Company for completion of the ramp-up of its Underground Project. The financing package will consist of the following components: New cash resources of $31,000,000 with a blended headline interest rate margin of 7%, of which approximately $9,000,000 has already been advanced to the Company since the beginning of November 2020; and amendments to the Company’s senior credit facility providing a further $26,000,000 in increased liquidity in the form of deferral of debt service payments. Nevada Copper Corp.
shares T.NCU are trading up $0.015 at $0.14.
