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HI Highland Copper Company Inc

0.12
-0.005 (-4.00%)
28 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Highland Copper Company Inc TSXV:HI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -4.00% 0.12 0.12 0.125 0.13 0.12 0.12 227,902 20:56:57

Highland Announces Warrant Extension Application and Provides an Update

01/05/2014 9:44pm

Marketwired Canada


Highland Copper Company Inc. (TSX VENTURE:HI) (the "Company") announces that it
is applying to the TSX Venture Exchange (the "TSXV") for approval of an
extension to the term of a total of 41,250,000 share purchase warrants (post 5
for 1 share consolidation) originally issued in three tranches in May 2012 for a
two-year term expiring on May 16, May 28, and May 30, 2014 (the "Warrants") as
part of a non-brokered private placement of the Company's securities. The
Company is seeking to extend the expiry date of all Warrants to March 31, 2015.
The exercise price of $0.75 will remain unchanged. The extension is subject to
the acceptance of the TSXV. 


Update on acquisitions and financing

On February 11, 2014, the Company announced having entered into a definitive
agreement with Orvana Minerals Corp. to acquire all rights, title and interest
in the Copperwood Project located in the Upper Peninsula of Michigan from
Orvana. Among other things, closing is conditional upon the completion of a
financing to fund the US$20 million acquisition cost and receipt of all required
regulatory approvals including final acceptance of the TSX Venture Exchange. The
Company expects to close the acquisition of the Copperwood project and the
previously announced non-brokered private placement of its common shares (see
news release of February 18 and March 17, 2014) by May 30, 2014. The Company
plans to close forthwith a second tranche of the private placement for general
corporate purposes.


As announced on March 5, 2014, the Company and Copper Range Company ("CRC")
entered into a definitive asset purchase agreement to acquire the White Pine
project. Pending receipt of a required third party approval, the Company and CRC
have agreed to extend the date to complete the interim closing of the
acquisition to May 9, 2014. 


ABOUT HIGHLAND

Highland Copper Company Inc. is a Canadian exploration company focused on
exploring and developing copper projects in the Upper Peninsula of Michigan,
U.S.A. Highland is in the process of acquiring the White Pine and Copperwood
projects both located in the Upper Peninsula. Highland has approximately $2.9
million in cash at March 31, 2014 and has 56,471,945 issued and outstanding
common shares listed on the TSX Venture Exchange under the symbol 'HI'.


Additional information about Highland is available on the Company's website at
www.highlandcopper.com and on SEDAR at www.sedar.com 


CAUTIONARY STATEMENT

Certain statements contained in this press release constitute forward looking
information under the provisions of Canadian securities laws. Such statements
include without limitation: the completion of the acquisition of the White Pine
and Copperwood projects, the completion of a financing to fund the acquisition
of the Copperwood project, the receipt of regulatory approvals for the
Copperwood acquisition and for the extension of the Warrants and other
statements and information regarding anticipated results regarding the Company's
operations and exploration. Such statements reflect the Company's views as at
the date of this press release and are subject to certain risks, uncertainties
and assumptions, and undue reliance should not be placed on such statements.
Many factors, known and unknown, could cause the actual results to be materially
different from those expressed or implied by such forward looking statements.
Such risks include, but are not limited to, the Company's ability in the current
markets to complete the financing required to fund the Copperwood acquisition,
the ability of the Company to satisfy all conditions to the interim closing of
the White Pine Project and the closing of the Copperwood acquisition, and the
timing and conditions attached to TSXV acceptance of the transactions described
in the news release. The materialization of any of these risks may cause actual
results to be materially different from those expected by the Company at this
time. The Company does not intend, and does not assume any obligation, to update
forward-looking information, except as required by law. Accordingly, readers are
advised not to place undue reliance on forward-looking information.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
David Fennell
Executive Chairman
1.450.677.2455


James Crombie
Interim President
1.450.677.2455
info@highlandcopper.com
www.highlandcopper.com

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