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| Home : Nevada Copper Amends Red Kite Loan Facility and Announces Strategic Review Process |
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Jan 04
2016 |
Nevada Copper Amends Red Kite Loan Facility and Announces Strategic Review Process |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 3, 2016) - Nevada Copper Corp. (TSX:NCU) ("Nevada Copper" or the "Company") has entered into an agreement (the "Agreement") to amend its senior secured loan agreement (the "Loan Agreement") with EXP T1 Ltd. ("Red Kite"), an affiliate of Red Kite Mine Finance and postpone the exercise of certain rights and remedies that Red Kite has under the Loan Agreement. The Agreement also sets out the terms on which the Company will purchase Red Kite's right, title and interest in Red Kite's Offtake Agreement (as defined below). |
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| Source:http://www.marketwired.com/mw/release.do?id=2085133&sourceType=3 |
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