- Highland Copper (OTCQB:HDRSF +6.1%) announced credit agreement with Osisko Gold Royalties (OR +2.8%) and Greenstone Resources II LP entered into on May 20, 2019 was further amended.
- Osisko has made available to the Company under the credit agreement an additional amount of $500k increasing the total indebtedness under the credit agreement to $5M
- The maturity date for the repayment of the Loan was extended to October 31.
- In connection with the amendment of the credit agreement, Osisko will exercise its silver royalty option, and Osisko would pay to Highland an initial tranche of $3M with the remaining amount of $23M to be paid within 60 days from the publication of a feasibility study on the White Pine North project in Michigan.