Pala Investments to invest $12.6 mln more in Nevada Copper
Swiss mining private equity firm Pala Investments has agreed to acquire additional common shares of Nevada Copper Corp, a Vancouver-based mining company and owner of the Pumpkin Hollow copper project in Nevada. The deal, part of a share purchase agreement with Red Kite Mine Finance, reflects a total consideration of about $12.6 million. In a separate statement, Nevada announced a US$115 million credit agreement with KfW IPEX-Bank and the launch of a public offering and concurrent private placements expected to generate about $40 million. Earlier this year, Reuters reported on Nevada's project as part of a story about growing U.S. copper investments spurred by demand from electric car-makers.
7 May 2019•3 mins read
