Nevada Copper Corp. (TSX:NCU) announced that it has entered into a binding subscription agreement for a private placement of 88,200,000 special warrants at a price of CAD 0.50 per special warrant for a gross proceeds of CAD 44,100,000 to Castlelake, L.P. on January 12, 2018. Upon conversion of the special warrants, Castlelake, L.P. will hold 88,200,000 common shares of the company representing approximately 19.8% of the then outstanding common shares of the company. The transaction is expected to closed on January 12, 2018.