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BRIEF-Nevada Copper amends Red Kite loan facility and announces strategic review process

Published 2016-01-03, 10:40 p/m
© Reuters.  BRIEF-Nevada Copper amends Red Kite loan facility and announces strategic review process
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Jan 3 (Reuters) - Nevada Copper Corp NCU.TO :
* Amends red kite loan facility and announces strategic review process
* Special committee of board has been appointed to review and evaluate all
strategic alternatives
* To not exercise rights,remedies under loan agreement as result of
non-completion of interim financing transaction by December 31, 2015
* To reduce the minimum working capital requirement from US$10 million to US$5
million
* Has advised that, subject to certain conditions, it will subscribe for up to
US$2 million of the 2016 financing

* Source text for Eikon ID:nMKWsP6CRa

* Further company coverage NCU.TO

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