Nevada Copper (TSE:NCU) has released an update.
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Nevada Copper Corp. has announced an update on its Chapter 11 bankruptcy proceedings, receiving interim approval for initial borrowing of $20 million to support operations during the restructuring phase. As the company undergoes a sale process aided by Moelis & Company LLC, it has also appointed Gregory Martin and Matthew Anderson as Interim President and CEO, and Interim CFO, respectively. Trading of the company’s shares has been halted as it is under delisting review by the Toronto Stock Exchange.
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