Non-brokered offering sells 25,948,681 common shares at C$0.15 apiece
By Devika Patel
Knoxville, Tenn., Oct. 5 – Highland Copper Co. Inc. said it has arranged a C$3,892,302 non-brokered private placement of stock with Osisko Gold Royalties Ltd.
The company will sell 25,948,681 common shares at C$0.15 each. The price per share is identical to the Oct. 2 closing share price.
Proceeds will be used to complete the acquisition of White Pine, for development of the company’s projects in the Upper Peninsula of Michigan and for general corporate purposes.
The copper explorer is based in Longueuil, Quebec.
| Issuer: | Highland Copper Co. Inc.
|
| Issue: | Common shares
|
| Amount: | C$3,892,302
|
| Shares: | 25,948,681
|
| Price: | C$0.15
|
| Warrants: | No
|
| Investor: | Osisko Gold Royalties Ltd.
|
| Pricing date: | Oct. 5
|
| Stock symbol: | TSX Venture: HI
|
| Stock price: | C$0.15 at close Oct. 2
|
| Market capitalization: | C$19.11 million
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
