Highland Resources

Published : November 23rd, 2015

Highland Announces New Director Appointment, Grant of Options and Extension to Mining Venture Agreement

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Keywords :   Copper | Gold | Gold Mine |

Highland Announces New Director Appointment, Grant of Options and Extension to Mining Venture Agreement

LONGUEUIL, QUEBEC--(Marketwired - Nov 23, 2015) - Highland Copper Company Inc. (TSX VENTURE:HI) (the "Company" or "Highland") is pleased to announce the appointment of Mr. Luc Lessard to the Board of Directors of the Company.

Luc Lessard is a mining engineer with more than 25 years of experience designing, building and operating mines. He is Senior Vice-President, Technical Services of Osisko Gold Royalties Ltd ("Osisko") and President, Chief Executive Officer and a director of Falco Resources Ltd. He also sits on the board of directors of two other publicly listed companies. Mr. Lessard was previously Chief Operating Officer of the Canadian Malartic Partnership (owned jointly by Agnico Eagle and Yamana), and prior to that was the Chief Operating Officer and Senior Vice President of Engineering and Construction for Osisko Mining Corporation where he was responsible for the design, construction and commissioning of the world class Canadian Malartic gold mine. Prior to Osisko Mining, Luc was Vice President of Engineering and Construction for IAMGOLD and General Manager, Projects for Cambior Inc. During his career, Luc has worked on 11 open pit and underground mine builds. As part of the transaction with Osisko announced on December 16, 2014, Osisko was entitled to nominate one director to the Board of Highland. Mr. Lessard is that nominee.

"We are delighted to welcome Luc to the Board as his extensive experience in building and operating mines will be extremely valuable for the Company" said David Fennell, Chairman of Highland.

In connection with Mr. Lessard's appointment as a new director, the Board of Directors of the Company granted Mr. Lessard 200,000 stock options pursuant to the Company's stock option plan. The options are exercisable for five years at $0.13 per share, subject to the acceptance of the TSX Venture Exchange. The options will vest over a period of two years.

Amendment to Agreement to Acquire the Keweenaw Project in Michigan

Highland is also pleased to announce the execution of an amendment to the Mining Venture Agreement with BRP LLC which extends the deadline by which Highland must deliver a feasibility study to BRP in order to earn a 65% interest in the Keweenaw project from October 26, 2015 to December 31, 2017. As consideration for this extension, the Company has agreed to secure some of the historical shafts located on the Keweenaw region and has submitted a budget for environmental work to be completed as part of the feasibility study. The Keweenaw project includes the 543S and G2 copper deposits.

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., including White Pine North, Copperwood and the Keweenaw projects. More information about Highland and the projects is available on Highland'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.

Read the rest of the article at finance.yahoo.com

Highland Resources

EXPLORATION STAGE
CODE : HI.V
ISIN : CA43004Y1016
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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.

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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...
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