Highland Copper Announces Appointment of Chief Financial Officer
February 14 2022 - 8:14AM
Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the
“Company”) reports changes to its executive team. Effective
immediately, Barry O’Shea will be assuming the position of Chief
Financial Officer (“CFO”) of the Company and Alain Krushnisky will
be stepping down as CFO to devote more time in his role as CFO of
other reporting issuers.
Barry O'Shea has over 20 years of finance
experience across diverse industries and countries. Mr. O’Shea was
CFO of Fiore Gold Ltd. from May 2018 until its recent acquisition
by Calibre Mining Corp. Prior to that, he spent eight years
with New Gold Inc., initially as Vice President of Finance where he
oversaw financial reporting, financial planning, internal audit,
and tax and then as Vice President, Business Development,
responsible for corporate development, investor relations, and
strategic capital allocation. Mr. O'Shea is a Chartered
Professional Accountant and has an Honours Business Administration
degree from the Ivey Business School.
“Alain has been an important part of the Company
since 2012. We very much appreciate all his contributions during
the past nine years and the support he will provide during a
transition period to integrate Barry into his position,” said Denis
Miville-Deschenes, President & CEO. “We are excited to have
Barry join the Company on a full-time basis. We expect his
background and experience to have a positive impact on Highland
Copper as we work toward developing and financing the construction
of our Copperwood project in Michigan as well as advancing the
neighbouring White Pine North project. On behalf of the Board of
Directors, I would like to welcome Barry aboard.”
Following completion of a $26 million equity
raise in early September, the Company has been busy, working with G
Mining Services, updating the Copperwood Feasibility Study
completed in June 2018. This is the perfect time to evaluate
project opportunities while also reviewing capital and operating
costs, supply chain issues and the project execution plan. It is
the intent to have the updated study finalized including the
development schedule for the second quarter of 2022.
The fundamentals for the long-term copper price
remain very good as is the current price of copper and Highland
Copper remains dedicated to, after financing, bring into
construction and production the Copperwood project, the first of
its two projects in Michigan, USA.
CAUTIONARY STATEMENT
This press release contains certain
forward-looking statements within the meaning of applicable
Canadian securities legislation. All statements, other than
statements of historical fact, including, without limitation,
statements relating to the timing of completion of the updated
Copperwood Feasibility Study, the Company’s ability to bring the
Copperwood project into construction and production; prices for
copper; or other statements that are not statements of fact.
Forward-looking statements involve various risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ
materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from
the Company's expectations include the uncertainties involving the
Company’s ability to obtain the additional financing required to
develop properties and availability of financing in the debt and
capital markets; uncertainties involving the estimation of reserves
and resources; the need to obtain permits and governmental
approvals; risks of construction and mining projects such as
accidents, equipment breakdowns, bad weather, non-compliance with
environmental and permit requirements, metal grades or recovery
rates; the ability of the Company to hire and retain key management
employees and skilled and experienced personnel; unexpected
cost increases, which could include significant increases in
estimated capital and operating costs; fluctuations in metal prices
and currency exchange rates. All forward-looking statements in this
press release are based on information available to the Company as
of the date hereof, and the Company undertakes no obligation to
update forward-looking statements except as required by law.
About Highland
Highland Copper Company Inc. is a Canadian
company focused on exploring and developing copper projects in the
Upper Peninsula of Michigan, U.S.A. Information about the Company
is available on SEDAR at www.sedar.com and on the Company’s website
at www.highlandcopper.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.
For further information, please contact: Denis
Miville-Deschênes, President & CEO Tel: +1.450.677.2455 Email:
info@highlandcopper.com
Highland Copper (TSXV:HI)
Historical Stock Chart
From Jul 2024 to Aug 2024
Highland Copper (TSXV:HI)
Historical Stock Chart
From Aug 2023 to Aug 2024