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Highland Copper Company Inc. (HI.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.04500.0000 (0.00%)
At close: 2:03PM EDT
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Previous Close0.0450
Open0.0450
Bid0.0400 x N/A
Ask0.0450 x N/A
Day's Range0.0450 - 0.0450
52 Week Range0.0200 - 0.0600
Volume400
Avg. Volume129,049
Market Cap21.282M
Beta (5Y Monthly)0.79
PE Ratio (TTM)N/A
EPS (TTM)-0.0470
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Highland Copper Announces Amendments to Credit Facility

    LONGUEUIL, Quebec, Sept. 11, 2020 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Company”) announced today that the credit agreement with Osisko Gold Royalties Ltd (“Osisko”) and Greenstone Resources II LP entered into on May 20, 2019 was further amended. Osisko has made available to the Company under the credit agreement an additional amount of US$500,0000, increasing the total indebtedness under the credit agreement to US$5,000,000 plus accrued interest of approximately US$601,000 as of August 31, 2020 (the “Loan”). The maturity date for the repayment of the Loan was extended to October 31, 2020. In connection with the amendment of the credit agreement, Osisko and the Company have agreed on the terms and conditions pursuant to which Osisko will exercise its silver royalty option that was originally granted by the Company to Osisko under a Governance and Financing Agreement dated December 15, 2014 and subsequently amended and restated on June 29, 2016. Subject to certain conditions including the completion of due diligence and the execution of definitive documentation, Osisko would pay to Highland an initial tranche of US$3 million on closing with the remaining amount of US$23 million under the silver option to be paid within 60 days from the publication of a feasibility study on the White Pine North project in Michigan. The Company expects to close the transaction within the next three weeks. The Company is continuing its review of various options to settle its working capital deficiency, to meet all existing commitments, and to complete the acquisition of the White Pine North project.Cautionary StatementCertain statements contained in this news release constitute forward looking information under the provisions of Canadian securities laws, including statements about plans to complete the proposed transaction with Osisko and the exercise of the silver option as well as plans to complete one or more transactions to fund the Company. The information contained herein reflects Highland's views as of the date of this news release. Forward looking information is based on assumptions, and by its nature is subject to risks and uncertainties that may cause actual future events to differ materially from those anticipated in it. Considering the Company’s financial condition and the state of the capital markets for a company such as Highland, there is no assurance that additional funds will be available or available on terms acceptable to the Company or that the Company will be able to complete a transaction. The Company does not intend, and does not assume any obligation, to update forward-looking information, except as required by law. Accordingly, readers are advised not to place undue reliance on forward-looking information.  About HighlandHighland Copper Company Inc. is a Canadian company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. Information about the Company is available on SEDAR at www.sedar.com and on the Company’s website at www.highlandcopper.com.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 Tel: +1.450.677.2455 Email: info@highlandcopper.com

  • GlobeNewswire

    Highland Copper Announces Further Extension of Loan Maturity Date

    LONGUEUIL, Quebec, Sept. 01, 2020 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Company”) announced today that the maturity date for the repayment of outstanding indebtedness under its credit agreement of US$4,500,000 (the “Loan”) with Greenstone Resources II LP and Osisko Gold Royalties Ltd., was extended to September 4, 2020. Additional information about the Loan and previous extensions can be found in press releases of the Company, including those issued on May 21, 2019 and August 14, 2020. About HighlandHighland Copper Company Inc. is a Canadian company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. Information about the Company is available on SEDAR at www.sedar.com and on the Company’s website at www.highlandcopper.com.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 Tel: +1.450.677.2455 Email: info@highlandcopper.com

  • GlobeNewswire

    Highland Copper Announces Further Extension of White Pine Closing

    Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Company”) announced today that the deadline to complete the acquisition of the White Pine North Project from Copper Range Company (“CRC”), a wholly owned subsidiary of First Quantum Minerals Ltd., was extended to December 31, 2020. The final closing of the acquisition is subject to a number of conditions, including, without limitation, a release of CRC from certain environmental obligations associated with the remediation and closure plan of the historical White Pine mine site and replacing the related environmental bond. Highland Copper Company Inc. is a Canadian company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. Its Copperwood Project is a development stage copper project fully permitted to move into the construction stage with a projected payable production of approximately 30,000 tonnes of copper per year during an estimated mine life of 11 years (see news release of June 15, 2018 and technical report filed on SEDAR on July 31, 2018).