Highland Copper Announces Closing of a US$4.5 million Credit Facility
27 Mai 2019 - 3:05PM
Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the
“Company”) is pleased to announce the closing of its previously
announced US$4.5M credit agreement entered into with Greenstone
Resources II LP and Osisko Gold Royalties Ltd. Having satisfied all
conditions precedent under the credit agreement, the Company has
made an initial drawdown of US$2,750,000.
The loan, which is secured by a mortgage on the
Copperwood project, bears interest at a rate of 12% per annum and
matures on February 28, 2020. Please refer to the Company’s news
release dated May 21, 2019 for further details.
About Highland
Highland Copper Company Inc. is a Canadian-based
company focused on exploring and developing copper projects in the
Upper Peninsula of Michigan, U.S.A. More information about the
Company is available on the Company’s website at
www.highlandcopper.com and on SEDAR at www.sedar.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
David Charles, Investor relationsTel: +1.450.677.2455Email:
info@highlandcopper.com
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