Castlelake, other investors commit $100 mln to Nevada Copper
Vancouver-based metals and mining company Nevada Copper Corp (TSX: NCU) has agreed to raise US$100 million of equity financing from institutional investors, including U.S. private equity firm Castlelake, which is committing US$35 million. The deal forms part of a US$378 million package of recapitalization and construction financing announced last month. As a result, Pala Investments, a Swiss private equity firm, will reduce its commitment to the package, while Castlelake will gain a 19.8 percent interest in the company and a seat on the board. The funds raised will support bringing Nevada's Pumpkin Hollow project to first production and related priorities.
12 January 2018•3 mins read
