- Highland Copper (HI) has completed the second tranche of its previously announced non-brokered private placement for gross proceeds of $1,050,000
- The company issued 10,500,000 units at a price of C$0.10 per unit in connection with the second tranche
- Total gross proceeds of the first two tranches total $26,342,993
- Highland Copper is a Canadian company focused on exploring and developing copper projects in Michigan
- Highland Copper Company Inc. (HI) is down 10 per cent, trading at C$0.09 per share at 11:30 am ET
Highland Copper (HI) has completed the second tranche of its previously announced non-brokered private placement for gross proceeds of $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 and one half of one common share purchase warrant. Each warrant is exercisable for 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 a cash finder’s fee of $50,000.
With the first tranche of the offering that closed on August 27, 2021, a total of 263,429,930 units were issued for total gross proceeds of $26,342,993.
Highland Copper is a Canadian company focused on exploring and developing copper projects in Michigan.
Highland Copper Company Inc. (HI) is down 10 per cent, trading at C$0.09 per share at 11:30 am ET.