National Bank to Purchase $20 Million in Northwest Copper Shares

National Bank has agreed to purchase more than 20 million dollars in shares from Northwest Copper.

For that, National Bank will look to acquire just under 17 million shares, as well as an option to purchase more at the same rates in the future.

Each of the shares in question are classified as charity flow-through common shares, and while the offering hasn’t been finalized yet, it likely will be on or before December 2nd.

Northwest Copper plans to use the money from the sale for exploration of the Company’s project areas in BC.

Northwest Copper owns a number of mines in northeastern BC, all running northwest from Mackenzie.