Highland Provides an Update on the White Pine Project Acquisition
LONGUEUIL, QUEBEC--(Marketwired - Apr 9, 2014) - Highland Copper Company Inc. (TSX VENTURE:HI) ("Highland" or the "Company") announces that it has filed a NI 43-101 technical report for the White Pine copper project ("White Pine") located in the Upper Peninsula region of Michigan, U.S.A., as a condition for final acceptance by the TSX Venture Exchange ("TSXV") of the proposed acquisition by Highland of all the rights, title and interests of Copper Range Company ("CRC") in White Pine. The technical report is available on SEDAR (www.sedar.com) and on the Company's website (www.highlandcopper.com).
As announced on March 5, 2014, the Company and CRC entered into a definitive asset purchase agreement to acquire White Pine. The Company and CRC have agreed to extend the date of completion of the interim closing of the acquisition to April 17, 2014, pending receipt of third party consent to the assignment of ancillary agreements.
In accordance with an Access Agreement entered into with CRC on March 5, 2014, the Company has already re-sampled core from 42 historical drill holes as part of a systematic data validation program, and continues drilling the North Mine area, having completed 10 drill holes to date.
The technical information contained in this news release has been approved by Carlos Bertoni, P.Geo., a consultant to Highland. Mr. Bertoni is a qualified person as defined in NI 43-101.
ABOUT HIGHLAND
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. Highland is in the process of acquiring the White Pine and Copperwood projects both located in the Upper Peninsula. Highland has approximately $2.9 million in cash at March 31, 2014 and has 56,471,945 issued and outstanding common shares listed on the TSXV under the symbol 'HI'.
Additional information about Highland is available on the Company's website at www.highlandcopper.com and on SEDAR at www.sedar.com
CAUTIONARY STATEMENT
Certain statements contained in this press release constitute forward looking information under the provisions of Canadian securities laws. Such statements include without limitation: the completion of the acquisition of the White Pine and Copperwood projects and other statements and information regarding anticipated results regarding the Company's operations and exploration. Such statements reflect the Company's views as at the date of this press release and are subject to certain risks, uncertainties and assumptions, and undue reliance should not be placed on such statements. Actual results may be materially different from those currently anticipated. Many factors, known and unknown could cause the actual results to be materially different from those expressed or implied by such forward looking statements. Such risks include, but are not limited to, the inability to meet the conditions to close the acquisition of the White Pine project.
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.
