North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Shane Lasley
Mining News 

NovaCopper arranges creative financing

Junior offers to buy out cash-rich Columbia-focused explorer; directors, major shareholders of both companies sign off on deal

 

Last updated 5/3/2015 at Noon



In a move that provides the cash needed to advance a feasibility study for the Arctic project in Northwest Alaska, NovaCopper has agreed to purchase Sunward Resources Ltd., a Vancouver, B.C.-based mining exploration company with a copper-gold asset in Columbia and roughly US$20 million in the bank.

Over the several weeks leading up to the April 23 announcement of the potential merger, the valu...



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