TSX:NWI
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2.
Nuinsco/Ocean Partners
Nuinsco aided in restructuring of Campbell Resources Inc.
(“
Campbell”), former copper/gold producer in Chibougamau
Ocean Partners provided funding to Campbell in return for an
offtake agreement
Campbell made improvements to Copper Rand Mine and
began development of Corner Bay Deposit, all in Chibougamau
Campbell became victim to financial crisis and low metal prices
in 2008; subsequently entered CCAA protection
Nuinsco and Ocean Partners acquire secured debt not owned
to become sole secured creditors of all Campbell assets
Quebec Superior Court affirmed 50:50 joint ownership of
Chibougamau assets to Nuinsco and Ocean Partners – CBay
Minerals created (November, 2011)
CBay implemented services contract with Nuinsco to provide
exploration, investor relations, finance and administration
