Le Lézard
Classified in: Business
Subjects: TNM, OFR, DIV

Funds Managed by Castlelake Acquire Additional Stake in Nevada Copper



/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES/

MINNEAPOLIS, July 13, 2018 /CNW/ - Global private investment firm Castlelake, L.P. ("Castlelake"), today announced that on July 9, 2018 it acquired 30,500,000 common shares (the "Shares") of Nevada Copper Corp. ("Nevada Copper") on behalf of its investment funds. The Shares were acquired at a price of CDN$0.60 per Share with the aggregate subscription price of CDN$18.3 million pursuant to a prospectus offering by Nevada Copper (the "Offering") in connection with which Nevada Copper issued an aggregate amount of 160,000,000 shares for aggregate gross proceeds of CDN$96 million. Following the closing of the Offering, Castlelake holds an aggregate of 118,700,000 common shares of Nevada Copper representing approximately 18.6% of the then outstanding common shares of Nevada Copper. Immediately prior to the Offering, Castlelake owned 88,200,000 common shares of Nevada Copper.

Nevada Copper owns 100% of the Pumpkin Hollow Copper Development Property located in Nevada, United States, a large advanced stage development copper property with substantial reserves and resources including copper, gold, silver, as well as a large iron resource.

Castlelake has acquired the Shares for investment purposes, and may acquire further Shares, or dispose of its holdings of Shares, both as investment conditions warrant. Nevada Copper is listed on the Toronto Stock Exchange under the symbol "NCU".

For further information please contact Molly Schlax at (+1 612 851 3083). Nevada Copper is a corporation organized under the laws of British Columbia with its head office at Suite 1238, 200 Granville Street, Vancouver, British Columbia V6C 1S4.

About Castlelake

Castlelake, L.P. is a global private investment firm focused on investments in alternative assets, sub-performing loans, dislocated industries and corporate special situations, and is an experienced leader in aircraft ownership and servicing. With primary offices in Minneapolis and London, the Castlelake team comprises more than 130 professionals. As of March 31, 2018, Castlelake manages private funds and debt vehicles with approximately $13.0 billion in assets, on behalf of its investors, including endowments, foundations, public and private pension plans, private funds, family offices, insurance companies and sovereign wealth funds. For more information, visit www.castlelake.com.

SOURCE Castlelake, L.P.


These press releases may also interest you

at 22:00
Amstar announces the appointment of Matthew Karp, Christopher Zeuner and Erin Little where the three will oversee investments and operations in the Americas and Europe.  Jason Lucas, Amstar's current President, will step down from his role at the end...

at 21:56
TSX VENTURE COMPANIES CLEAR BLUE TECHNOLOGIES INC. ("CBLU")BULLETIN TYPE:  New Listing-Shares, CorrectionBULLETIN DATE:  July 18, 2018TSX Venture Tier 2 Company Further to the bulletin dated July 17, 2018 whereby the common shares of the Company...

at 21:47
AJC is deeply disappointed that the Israeli Knesset, with the active support of Prime Minister Netanyahu, adopted today the controversial nation-state bill. The measure passed the 120-member Knesset by a vote of 62 to 55, with two abstaining. It will...

at 21:43
Natcore Technology Inc.  has announced its intent to raise CDN$195,000 via a non-brokered private placement. The placement involves the sale of up to 1,500,000 units at a price of CDN$0.13 per unit. Each unit comprises one common share and one share...

at 21:36
Kyligence, a leading data analytics company, today announced that the company has closed $15 million in Series B funding. This round was led by new investor Eight Roads Ventures (the proprietary investment arm of Fidelity International Limited) along...

at 21:28
CI Financial Corp. ("CI") announced today that it has entered into an agreement to sell debt securities with an aggregate principal amount of $325 million. The debt securities have a term of 5 years and carry an interest rate of 3.520% payable...




News published on 13 july 2018 at 16:18 and distributed by: