Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - NORD RESOURCES CORP | exhibit99-1.htm |
| 8-K - FORM 8-K - NORD RESOURCES CORP | form8k.htm |
FORM 51–102F3
MATERIAL CHANGE REPORT
| Item 1 | Name and Address of Company |
Nord Resources Corporation
1 W. Wetmore Road, Suite 203
Tucson, Arizona 85705
| Item 2 | Date of Material Change |
January 2, 2013
| Item 3 | News Release |
A news release was issued by Nord Resources Corporation (the “Company” or “Nord”) on January 4, 2012 and distributed through CNW Group.
| Item 4 | Summary of Material Change |
The Company announced that it has entered into a cathode sales agreement effective January 1, 2013, with Red Kite Master Fund Limited for 100% of the copper cathode production from the Johnson Camp Mine, given the expiry of the long term copper cathode sales agreement between the parties that was in place from February 1, 2008 through December 31, 2012.
| Item 5 | Full Description of Material Change |
| 5.1 | Full Description of Material Change |
The Company announced that it has entered into a cathode sales agreement effective January 1, 2013, with Red Kite Master Fund Limited (“Red Kite”) for 100% of the copper cathode production from the Johnson Camp Mine, given the expiry of the long term copper cathode sales agreement between the parties that was in place from February 1, 2008 through December 31, 2012. The agreement runs through March 31, 2013 with renewable extensions by mutual agreement of both parties. Pursuant to the agreement, Red Kite will accept delivery of the cathodes at the Johnson Camp Mine, and pricing will be based on the COMEX price for high-grade copper on the date of sale. Red Kite is a large metals hedge fund and physical trader.
| 5.2 | Disclosure for Restructuring Transactions |
Not Applicable
| Item 6 | Reliance on subsection 7.1(2) of National Instrument 51–102 |
Not applicable.
- 2 -
| Item 7 | Omitted Information |
Not applicable.
| Item 8 | Executive Officer |
Wayne Morrison
Chief Executive Officer and Chief Financial
Officer
Telephone: (520) 292-0266
| Item 9 | Date of Report |
January 4, 2013