Brief: Nevada Copper- Received Term Sheet From A Third Party For Additional Credit Line Of $20 To $30 Mln To Fund Increased Cash Requirements

Nevada Copper

03/11/2020 14:22

Nov 3 (Reuters) - Nevada Copper Corp  NCU.TO :
    * NEVADA COPPER - RECEIVED TERM SHEET FROM A THIRD PARTY FOR
ADDITIONAL CREDIT LINE OF US$20 TO US$30 MILLION TO FUND
INCREASED CASH REQUIREMENTS
    * NEVADA COPPER CORP - DISCUSSIONS ARE ALSO ONGOING WITH
OTHER
POTENTIAL FUNDING SOURCES
    * NEVADA COPPER - IS IN DISCUSSIONS WITH KFW-IPEX BANK, ITS
SENIOR
LENDER
    * NEVADA COPPER CORP - IN ABSENCE OF SUFFICIENT FINANCING,
COMPANY
MAY NOT BE ABLE TO CONTINUE OPERATIONS
    * NEVADA COPPER -CO'S  SHAREHOLDER, PALA INVESTMENTS
LIMITED, HAS
CONFIRMED IT WILL CONTINUE TO PROVIDE FINANCIAL SUPPORT TO
COMPANY UNTIL END OF YEAR

Source text for Eikon:  ID:nGNX1B7J2z 
Further company coverage:  NCU.TO 

 ((Reuters.Briefs@thomsonreuters.com;))