FOR IMMEDIATE RELEASE
NEWS
RELEASE
Nord Resources
Corporation
PO Box 384, Dragoon, AZ 85609
Tel: (520) 586-2241 Fax: (520) 586-7020
Nord
Resources Completes $2.75 Million Bridge Facility
Wednesday
October 20, 2004
SOURCE: Nord
Resources Corporation
Proceeds of the loan will be used to fund ongoing activities
at the Company's Johnson Camp copper mine, exploration at both the Mimbres
and Coyote Springs properties, cash deposits to secure certain crushing equipment
for Johnson Camp and for general corporate purposes.
Ron Hirsch, Chairman & CEO, stated, ``We are extremely pleased to receive
this funding from Regiment Capital Advisors, LLC. This is an important step
in our current goal to bring the Johnson Camp copper mine back into full production.''
Nord Resources is an Arizona-based natural resource company focused on near-term
copper production from its Johnson Camp Mine and the exploration for copper,
gold and silver at its other properties in Arizona and New Mexico. The Company
has additional interests in Australia and West Africa.
This release includes certain statements
that may be deemed to be "forward-looking" statements within the
meaning of the US Private Securities Litigation Reform Act of 1995. All statements
released, other than statements of historical facts, that address future production,
reserve potential, exploration drilling, exploitation activities and events
or developments that the Corporation expects, are forward-looking statements.
Although Nord Resources Corporation believes the expectations expressed in
such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results or
developments may differ materially from those in the forward-looking statements.
Factors that could cause actual results to differ materially from those in
the forward-looking statements include metals prices, exploitation and exploration
successes, availability of capital and financing, and general economic, market
or business conditions. Nord Resources Corporation does not undertake any
responsibility to update the forward-looking statements in the future.
For information contact:
Nord Resources Corporation
Ronald Hirsch, Chairman & CEO
(949) 715-6745
Erland Anderson, President & COO
(520) 544-4893
Website: www.nordresources.com
SOURCE: Nord Resources Corporation