NovaCopper buys Sunward, bolsters cash

NovaCopper Inc. June 19 said it has completed acquisition of all of the issued and outstanding common shares of Sunward Resources Ltd. To complete the transaction, Sunward shareholders were issued 0.3 of a NovaCopper common share for each Sunward common share held.

Sunward is now a wholly-owned subsidiary of NovaCopper.

As a result of the buyout, NovaCopper has full ownership of the Titiribi gold-...