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
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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 value...
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