Highland Copper Announces Management Changes
11 Octubre 2023 - 3:57PM
Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF)
(“
Highland” or the “
Company”)
today announces that Denis Miville-Deschenes, President and Chief
Executive Officer, will depart the Company. Barry O’Shea,
Highland’s Chief Financial Officer, has been appointed by
Highland’s Board as Interim CEO, effective immediately, while the
Board seeks a full-time replacement.
Steve Hicks, Chair of the Board of Highland,
stated, “On behalf of the Board, I would like to thank Denis for
his contributions as Highland CEO over the past seven years.”
Mr. O’Shea has considerable operating, capital
markets and finance experience across diverse industries and
countries. Prior to Highland, he was the CFO of Fiore Gold Ltd.,
who successfully restarted the Pan Mine in Nevada and was
subsequently acquired by Calibre Mining Corp. Prior to Fiore, Mr.
O’Shea spent eight years with New Gold Inc., initially as Vice
President of Finance where he oversaw operational analytics,
financial planning and capital project controls, particularly new
mine construction. He then served 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.
“The Highland Board is confident that Barry has
the right balance of skills to execute our business plan during
this transition period“, Steve Hicks further stated. “His broad
background across operations, business development and finance will
best position the Company for future success. As well, the addition
of Mike Foley continues to add to our regional Michigan team and
our capacity for project execution. We look forward to progressing
Copperwood to financing and development.”
Highland is also pleased to announce the
appointment of Mike Foley, of Ironwood, Michigan, to the position
of Copperwood Site Manager. Mike has 32 years of experience as a
Civil Engineer in the Upper Peninsula of Michigan and northern
Wisconsin. He was most recently the Director of Environment &
Infrastructure at the Back Forty Mine. Prior to that, he served as
a Senior Project Manager for Coleman Engineering Company
(“Coleman”), where he had been the lead contact for a number of
mining, industrial, utility and municipal clients. With Coleman,
Mike was instrumental in working with the mining consulting team on
the Copperwood Project to obtain a variety of regulatory permits.
Mike earned a Bachelor of Science Degree in Civil Engineering, with
an Environmental emphasis, from Michigan Technological University
and is a licensed Professional Engineer in both Michigan and
Wisconsin.
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. The Company owns the Copperwood
deposit through long-term mineral leases. The Company also owns
surface rights securing access to the deposit and providing space
for infrastructure as required. Additionally, Highland Copper owns
a 34% stake in the White Pine North Project, a past-producer in the
Upper Peninsula. The Company has 736,363,619 common shares issued
and outstanding. Its common shares are listed on the TSX Venture
Exchange under the symbol "HI" and trade on the OTCQB Venture
Market under symbol "HDRSF".
More information about the Company is available
on the Company’s website at www.highlandcopper.com and on SEDAR at
www.sedar.com.
CAUTIONARY STATEMENT Regarding
Forward-Looking Information
This news release contains “forward-looking
statements” and “forward-looking information” (collectively
“forward-looking statements”) within the meaning of applicable
Canadian securities legislation. These include, without limitation,
statements about: (a) the Board’s expectations with respect to the
continued advancement of the Company’s projects during the
transition period; and (b) the anticipated hire of a full time
replacement. Such forward looking statements are based on a number
of assumptions, which may prove to be incorrect. Important
assumptions include that management will have sufficient capacity
during the transition period to meet the Company’s goals, and that
replacement will be identified and hired on terms acceptable to the
Company in the medium term. Important factors that could materially
impact the Company's expectations include unanticipated
developments in the Company’s business that may affect management’s
short to medium-term capacity and the Company’s development
timeline. 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. Readers
should not place undue reliance on forward-looking statements.
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: Barry
O'Shea, Interim CEOEmail: info@highlandcopper.comWebsite:
www.highlandcopper.com
Highland Copper (TSXV:HI)
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