Highland Copper enters into US$4.5 million loan with Greenstone and Osisko

LONGUEUIL, Quebec, May 21, 2019 (GLOBE NEWSWIRE) — Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Company” or “Highland”) i

Source: www.juniorminingnetwork.com

Highland Copper, a resource company focused on exploring and developing copper projects in Michigan, US, recently announced the execution of a credit agreement with two of its significant shareholders and lenders, Greenstone Resources II LP and Osisko Gold Royalties Ltd. Under the agreement, each lender will provide the Company with a loan of up to US$4.5M at an interest rate of 12% per annum. Loan proceeds will be used to settle working capital deficiency and to initiate a scoping study on the White Pine project in Michigan.