11:58 AM EST - Nevada Copper Corp : Has entered into agreements to acquire up to 124,074,074 units of Nevada Copper Corp. at a price of C$0.27 per Unit for aggregate proceeds of up to US$25,000,000 (using the exchange rate of US$1.00=C$1.34. The Pala Commitment has been provided in connection with a bought deal offering of the Company pursuant to which a syndicate of underwriters have agreed to purchase up to 173,705,000 Units for gross proceeds of US$35,000,000. Each Unit will consist of one common share of the Company and one-half of one Common Share purchase warrant. Pala's obligation with respect to the Pala Commitment will be decreased on a dollar-to-dollar basis to the extent that the underwriters secure third party purchasers with respect to the Offering representing proceeds greater than US$5,000,000. Nevada Copper Corp
shares T.NCU are trading unchanged at $0.28.
