PE-backed mining company NMC Resource to go private
NMC Resource Corp (TSX-V: NRC), a portfolio company of Korean private equity firm KTB Private Equity, has entered into an agreement to go private. Under the agreement's terms, NMC will sell to Dong Won Corp all of its outstanding common shares not currently held by Dong Won or KTB at a price of $0.20 per share. Shareholders will vote on the deal in early 2015. Based in Vancouver, NMC is a molybdenum mining company with assets in British Columbia and South Korea. The British Columbia property, Boss Mountain Mine, is within the Cariboo Mining District.
9 December 2014•6 mins read
