Brief: Mercuria Energy Acquires Additional Shares Of Nevada Copper

Nevada Copper

30/12/2022 13:19

Dec 30 (Reuters) - MERCURIA ENERGY GROUP: 
    * SAYS ACQUIRED ADDITIONAL 63,411,540 COMMON SHARES OF
NEVADA
COPPER CORP AT SUBSCRIPTION PRICE EQUAL TO C$0.2139 PER SHARE
    * SAYS CONDITIONS TO RELEASE OF SECOND TRANCHE OF $10
MILLION
DEPOSITED INTO ESCROW WERE SATISFIED ON DEC. 23
    * SAYS SECOND TRANCHE CLOSING COMPLETED ON DEC. 29 AT
SUBSCRIPTION
PRICE EQUAL TO 15% DISCOUNT TO FIVE-DAY VOLUME WEIGHTED AVERAGE
PRICE OF COMMON SHARES
    * SAYS IMMEDIATELY FOLLOWING COMPLETION OF SECOND TRANCHE,
HAD
BENEFICIAL OWNERSHIP OF AND EXERCISED CONTROL OR DIRECTION OVER
175,700,394 COMMON SHARES AND 152,070,000 WARRANTS
    * SAYS ACQUISITION REPRESENTS APPROXIMATELY 24.33% OF ISSUED
AND
OUTSTANDING COMMON SHARES ON NON-DILUTED BASIS, CONSTITUTING
OWNERSHIP INCREASE OF APPROXIMATELY 7.28%

Related: Mercuria Buys 63,588,854 Common Shares Of Nevada Copper
Corp  urn:newsml:reuters.com:*:nL4N31W328
 (Reporting by Deep Vakil in Bengaluru)
 ((Reuters.Briefs@thomsonreuters.com;))