Boston, MA 06/14/2013 (wallstreetpr) – The share prices of Novacopper Inc. (NYSEMKT:NCQ) had surged by 11.73 percent to close at $2.00 per share for the end of last trading session on Thursday. The shares of the company had been trading in the range of $1.78 to $2.02 per share during the day. The shares of Novacopper Inc. (NYSEMKT:NCQ) had recorded 52 week low price level of $1.65 per share and 52 week high price level of $2.99 per share.
Novacopper Inc. (NYSEMKT:NCQ) had recently announced the release of escrow shares of its subsidiary Nove Gold Resources Inc. to the registered Escrow shareholders of the company and had scheduled the release on August 05, 2013. This release of Escrow shares of the subsidiary is announced after obtaining the approval of shareholders of Novacopper Inc. (NYSEMKT:NCQ) at the meeting on May 29, 2013 and after subsequent amendment to the original escrow agreement of the company dated May 22, 1987.
This amendment and release would now provide for around 9091 common shares of Novacopper Inc. (NYSEMKT:NCQ), which are presently held as Escrow shares with the founders of the company to be released as common shares and would further on be considered as common shares with the founders. The amendment to the original escrow agreement was made on May 30, 2013 and this announcement of the release is made on June 03, 2013 in line with the National Policy 46-201 – Escrow for Initial Public Offerings Provisions.
Novacopper Inc. (NYSEMKT:NCQ) with primary focus on base metal exploration projects concentrates its activities at the Ambler mining district located at Northwest Alaska. The shares of the mining and exploration firm had surged to heavy trading volumes at 1.18 million shares on Thursday, while the average trading volume for Novacopper Inc. (NYSEMKT:NCQ) is at 95,191 shares per day.
