The Prospector News

Highland Copper completes second tranche of Private Placement

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Highland Copper completes second tranche of Private Placement

 

 

 

 

 

Highland Copper Company Inc. (TSX-V: HI) (OTCQB: HDRSF) is pleased to announce that, further to its news release dated August 30, 2021, it has completed the second tranche of its previously announced non-brokered private placement for gross proceeds of C$1,050,000. The second tranche of the Offering consisted of the issuance of 10,500,000 units at a price of C$0.10 per Unit. Each Unit consisted of one common share of the Company and one half of one common share purchase warrant, with each Warrant exercisable to acquire one common share at C$0.18 until September 9, 2023. In connection with the completion of the second tranche of the Offering, the Company is paying cash finder’s fees of C$50,000.

 

With the first tranche of the Offering that closed on August 27, 2021, a total of 263,429,930 Units were issued and the Company raised total gross proceeds of C$26,342,993. The Company now has 736,363,619 common shares and 131,714,965 share purchase warrants issued and outstanding. All of the Company’s liabilities have now been settled and the Company will use the net proceeds of the Offering to advance the development of the Copperwood and White Pine North projects and for general working capital purposes.

 

 

About Highland

 

Highland Copper Company Inc. is a Canadian company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A.

 

Posted September 10, 2021

Share this news article

MORE or "UNCATEGORIZED"


Fireweed Intersects Three Distinct High-Grade Zinc Zones Including 23.77% Zinc, 3.44% Lead, and 75.7 g/t Silver Over 10.42 m in New Zone at Boundary West

FIREWEED ZINC LTD. (TSX-V: FWZ) is pleased to announce the result... READ MORE

September 16, 2021

Three more holes intersect mineralized porphyry at Brama target, Bramaderos Project, Ecuador, paving way for maiden Mineral Resource Estimate in early 2022

Assays include 69.6m at 0.65g/t gold and 0.2% copper  ... READ MORE

September 16, 2021

Labrador Gold Intersects 128.51 g/t Gold Over 1.12 Metres at Big Vein, Kingsway Project

Labrador Gold Corp. (TSX-V:LAB) (OTCQX:NKOSF) (FNR:... READ MORE

September 16, 2021

Pan Global Continues to Expand the near Surface Copper-Tin Discovery at the Escacena Project, Southern Spain

Highlights include: 6.5m at 2.52% CuEq (2.27% Cu, 8.1g/t Ag) from... READ MORE

September 16, 2021

Drilling at Galloway Continues to Provide Good Mineralized Intersections

Fokus Mining Corporation (TSX-V: FKM) (OTCQB: FKMCF) (FSE: F7E1) ... READ MORE

September 16, 2021

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2021 The Prospector News