Highland Resources Announces Proposed Share Consolidation
Published : September 20, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Market |

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2012) - Highland Resources Inc. (News - Market indicators) ("Highland" or the "Company") announces that the Company will seek shareholder approval to consolidate the Company's common shares on the basis of one (1) post-consolidation common share for every five (5) pre-consolidation common shares. Shareholders will be asked to approve the share consolidation by majority vote at the Company's annual general and special meeting of shareholders set for Thursday, October 11, 2012.

It is management's belief that the share consolidation will provide the Company with greater flexibility in pursuing its plans to advance its mineral exploration projects, including its ability to obtain additional financing and potentially acquire new mineral projects.

At of the date of this news release, the Company has an aggregate of 258,016,060 common shares issued and outstanding. It is expected that, upon completion of the share consolidation, there will be approximately 51,603,212 common shares issued and outstanding, subject to shares being issued pursuant to existing share purchase warrants and stock options prior to the effective date of the consolidation and subject to adjustment for fractional shares.

Contemporaneous with completion of the share consolidation, the Company plans to change its name to "Highland Copper Company Inc.". The completion of the share consolidation is subject to obtaining the requisite shareholder approval and the approval of the TSX Venture Exchange ("TSXV"). The name change is also subject to the approval of the TSXV.

Shareholders are urged to read the information circular that will be mailed to them as it contains important information regarding the proposed share consolidation. The circular will also be available on SEDAR (www.sedar.com) and on the Company's website (www.highlandresources.ca).

Cautionary Statement

Securities regulators encourage companies to disclose forward-looking information to help investors understand a company's prospects. This press release contains statements about Highland's future business and planned activities, including statements about management's expectations for the shareholders' meeting, the obtaining of the TSXV approvals, and the benefits to be realized from the share consolidation. These are "forward-looking" because Highland has used what we know and expect today to make a statement about the future. Forward-looking statements usually include words such as may, intend, plan, expect, anticipate, believe, or other similar words. Highland believes the expectations reflected in this forward-looking information are reasonable. However, actual events and results could be substantially different because of the risks and uncertainties associated with Highland's business, or events that happen after the date of this press release. You should not place undue reliance on forward-looking information. As a general policy, Highland does not update forward-looking information except as required by securities laws and regulations.

About Highland

Highland Resources is a Canadian exploration company focused on exploring and developing copper projects in the "Copper Country" of the Keweenaw Peninsula within the Upper Peninsula of Michigan, U.S.A. through its 100%-held subsidiary, Keweenaw Copper Co. The Company is well funded having completed a $16.5 million private placement in May 2012. The common shares of Highland trade on the TSX Venture Exchange under the symbol 'HI'. Additional information about the Company is available on the Company's website and on SEDAR.

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.

Robert Eadie
President and CEO
1.604.602.4935
info@highlandresources.ca
www.highlandresources.ca

Highland Resources

EXPLORATION STAGE
CODE : HI.V
ISIN : CA43004Y1016
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Highland Resources is a copper producing company based in Canada.

Highland Resources holds various exploration projects in Canada.

Its main exploration properties are RICKABY and HUMBOLDT BAY in Canada.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Highland Resources
3/10/2015Provides Update on Financing
6/1/2012Raises $16.5 Million; Closes Private Placement
5/24/2012Closes Tranche 1 of $20 Million Private Placement
5/7/2012Increases Private Placement
4/23/2012$16.5 Million Private Placement Arranged
Project news of Highland Resources
10/11/2011(Humboldt Bay)Negotiates Sale of its Interest in Rickaby and Humboldt Bay ...
2/21/2011(Humboldt Bay)Begins Ground Geophysical Survey on the Humboldt Bay Propert...
Corporate news of Highland Resources
11/23/2015Highland Announces New Director Appointment, Grant of Option...
10/7/2015Highland Completes Private Placement With Osisko
4/23/2015Highland Reports Results From 2015 Drilling Program at White...
11/17/2014Highland Copper-Correction to Notice of Annual Meeting
10/10/2014Highland Files 543S Project Technical Report
10/1/2014Highland Copper Provides Update on Joint Venture With AMCI
8/25/2014Highland Copper Reports Initial Resource Estimate for the 54...
8/5/2014Highland Copper Company Grants Options
7/3/2014Highland Provides Exploration Update from the White Pine Nor...
6/17/2014Highland Closes Financing and Acquisition of Copperwood Proj...
6/10/2014Troubled mining industry now resurgent in Midwest
5/13/2014Highland Completes the Interim Closing of the Acquisition of...
5/1/2014Highland Announces Warrant Extension Application and Provide...
4/9/2014Highland Provides an Update on the White Pine Project Acquis...
6/4/2013Copper Company Reports High Grade Copper Intersections at G-...
4/4/2013Copper 543S Drill Program Completed and Additional High Grad...
1/31/2013Copper Company Reports Additional High Grade Results at the ...
1/9/2013Copper Company Reports Additional High Grade Intersections a...
11/7/2012Copper Company Reports Option Grants
10/31/2012Announces Share Consolidation and Change of Name
10/26/2012Intersects 47.1 Meters of 2.47% Cu at the Keweenaw Copper Pr...
10/12/2012Announces Results of Shareholders Meeting and Changes to Sen...
10/3/2012Intersects 20.5 Meters of 2.24% Cu at the Keweenaw Copper Pr...
9/20/2012Announces Proposed Share Consolidation
6/8/2012Amendment to Joint Venture Agreement to Acquire Copper Resou...
8/22/2011Appoints Vice President - Exploration for Copper Project in...
2/24/2011Engages Behre Dolbear for 43-101 Report on Copper Properties
2/22/2011(Humboldt Bay)RETRANSMISSION: Highland Begins Ground Geophysical Survey on...
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (HI.V)
0.095+5.56%
TSX-V
CA$ 0.095
10/29 12:09 0.010
5.56%
Prev close Open
0.090 0.090
Low High
0.090 0.090
Year l/h YTD var.
0.070 -  0.130 18.75%
52 week l/h 52 week var.
0.050 -  0.130 90.00%
Volume 1 month var.
16,000 11.76%
24hGold TrendPower© : 32
Produces
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 2/19/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
202418.75%0.160.07
202314.29%0.110.05
2022-33.33%0.160.06
202190.91%0.150.06
202057.14%0.060.00
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.76-0.29%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 9.51-6.49%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.59-0.34%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06-20.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.16+3.35%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 13.54-6.49%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.30+11.32%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
 0.20-2.44%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 2.54-4.51%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 38.68+0.86%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.08+2.60%Trend Power :
Sun Res.(Oil)SUR.AX
Released ASX Announcement: Quarterly Activities Report
AU$ 0.00+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.