Highland Copper Provides an Update on White Pine Closing
Highland Copper Company Inc. (TSX-V: HI, OTCQB: HDRSF) and Copper Range Company (“CRC”), a wholly-owned subsidiary of First Quantum Minerals Ltd., have agreed to extend the period to complete the acquisition of the White Pine project to [November 30, 2018]. The final closing of the acquisition is subject to releasing CRC from certain environmental obligations associated with the remediation and closure plan of the historical White Pine mine site, and replacing the related environmental bond posted by CRC. The Company is in discussion with the Michigan Department of Environmental Quality to finalize the documentation required for the transfer of the environmental obligations and the form of financial assurance required pursuant to the Natural Resources and Environmental Protection Act.
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