Non-brokered offering sells 55,555,556 common shares at C$0.45 apiece
By Devika Patel
Knoxville, Tenn., Jan. 8 - Highland Copper Co. Inc. said it has arranged a C$25 million non-brokered private placement of stock.
The company will sell 55,555,556 common shares at C$0.45 each. The price per share is a 4.65% premium to the Jan. 7 closing share price of C$0.43.
Proceeds will be used for exploration and development and general corporate purposes.
The copper explorer is based in Longueuil, Quebec.
| Issuer: | Highland Copper Co. Inc.
|
| Issue: | Common shares
|
| Amount: | C$25 million
|
| Shares: | 55,555,556
|
| Price: | C$0.45
|
| Warrants: | No
|
| Pricing date: | Jan. 8
|
| Stock symbol: | TSX Venture: HI
|
| Stock price: | C$0.43 at close Jan. 7
|
| Market capitalization: | C$23.03 million
|
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