Further to its October 5, 2015 announcement, Highland Copper Company Inc. (TSX-V:HI) is pleased to announce that it has completed a non-brokered private placement of 24,426,434 common shares with Osisko Gold Royalties Ltd (TSX:OR) at a price of C$0.15 per share for gross proceeds of C$3,663,965. Following completion of the private placement, Highland has 153,968,626 Shares issued and outstanding and Osisko owns 29,420,434 Shares which represents approximately 19.1% of Highland’s Shares on a non-diluted basis. The Shares issued to Osisko are subject to a hold period expiring February 7, 2015.
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., including White Pine North, Copperwood and the Keweenaw projects.
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