Highland Copper Company Inc.: Announces Extension of White Pine Acquisition Closing
LONGUEUIL, March 02, 2018 - Highland Copper Company Inc. (TSXV:HI) (the “Company”) announces that the Company and Copper Range Company (“CRC”), a wholly-owned subsidiary of First Quantum Minerals Ltd., have agreed to extend the period to complete the acquisition of the White Pine project to April 30, 2018. The final closing of the acquisition is subject to releasing CRC from certain environmental obligations associated with the remediation and closure plan of the historical White Pine mine site in a manner that is acceptable to all parties involved, including applicable governmental authorities, and replacing the related environmental bond posted by CRC. The required documentation is nearly completed, subject to final approval of the Michigan Department of Environmental Quality.About Highland
Highland Copper Company Inc. is a Canadian-based company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. The Company is fully financed to complete a feasibility study update on its 100%-owned Copperwood Project by mid-year.
The Company has 471,725,389 common shares issued and outstanding, and a total of 76,730,715 warrants exercisable at $0.15 until March 17, 2018 and an additional 48,669,175 exercisable until March 24, 2018.
More information about the Company is available on the Company’s website at www.highlandcopper.com and on SEDAR at www.sedar.com.
Cautionary Statement
This press release contains certain forward-looking statements within the meaning of applicable Canadian securities legislation. These forward-looking statements involve certain risks and uncertainties, including, without limitation, being unable to meet the final closing conditions of the acquisition of the White Pine Project on terms acceptable to the Company, CRC and the Michigan Department of Environmental Quality for the transfer of environmental obligations, All forward looking statements in this press release are based on information available to the Company as of the date hereof, and the Company undertakes no obligation to update forward-looking statements except as required by law.
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:
Denis Miville-Deschênes, President & CEO
David Charles, Investor relations
Tel: +1.450.677.2455
Email: info@highlandcopper.com