Nevada Copper Announces Special Shareholder Meeting Results
January 25 2022 - 5:00PM
Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA)
(“
Nevada Copper” or
“
Company”) is pleased to announce the results from
its Special Meeting of shareholders (the
“
Meeting”) that was held today. The Warrant
Exercise Resolution (as defined below), the only item of business
at the Meeting, was overwhelmingly approved by disinterested
shareholders of the Company. Strong shareholder support for the
Warrant Exercise Resolution was evidenced by approximately 99% of
the disinterested shareholders who voted at the Meeting voting in
favour of the Warrant Exercise Resolution.
Voting Details
At the Meeting, the disinterested shareholders
of the Company, being all shareholders of the Company excluding
Pala Investments Limited (“Pala”), the Company’s
largest shareholder, and Pala’s associates and affiliates, approved
an ordinary resolution authorizing (i) the exercise of 15,000,000
common share purchase warrants (the “Credit Facility
Warrants”) that were issued to Pala on November 30, 2021
in connection with the amendment and restatement of the credit
facility provided by Pala to the Company; and (ii) if some or all
of the Credit Facility Warrants are exercised, the resulting
issuance by the Company of common shares to Pala pursuant to the
terms of the Credit Facility Warrants (the “Warrant
Exercise Resolution”). The results of voting on the
Warrant Exercise Resolution are provided below:
Votes For |
% Votes For |
Votes Against |
% Votes Against |
117,875,484 |
98.93% |
1,275,978 |
1.07% |
About Nevada Copper
Nevada Copper (TSX: NCU) is a copper producer
and owner of the Pumpkin Hollow copper project. Located in Nevada,
USA, Pumpkin Hollow has substantial reserves and resources
including copper, gold and silver. Its two fully permitted projects
include the high-grade underground mine and processing facility,
which is now in the production stage, and a large-scale open pit
project, which is advancing towards feasibility status.
NEVADA COPPER CORP.www.nevadacopper.com
Randy Buffington, President and CEO
For further information contact:Rich Matthews, Investor
RelationsIntegrous Communicationsrmatthews@integcom.us+1 604 757
7179
Nevada Copper (TSX:NCU)
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