Business
Highland Copper announces proposed Changes to its Board of Directors
LONGUEUIL, Quebec, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Company”) announces proposed changes to its Boa
About this update from Highland Copper Co., Inc.
[{"type":"text","content":" LONGUEUIL, Quebec, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Company”) announces proposed changes to its Board of Directors to be submitted for approval at its upcoming annual and special meeting of the shareholders of the Company (the “AGM”) to be held on December 16, 2021. The Company is proposing to increase the size of the Board from five to eight Directors. In addition to Denis Miville-Deschênes (current director, President and CEO) and Jo Mark Zurel (current director and chair of the audit committee), Jonathan Cherry, Caroline Donally, Iain Farmer, Stephen J. Hicks, Melanie R. Miller and David B. Tennant will be presented as new nominees. As announced on August 30, 2021, the Company’s Chairman, David Fennell, who has been instrumental in putting together the Company’s high-quality copper assets in Michigan, will not stand for re-election. John Johnson and Jean Desrosiers will also be retiring at the AGM. As previously announced, the Company has undertaken a process to rejuvenate its Board of Directors. The Company has retained an external professional search firm to identify individuals with the qualifications, skills and experience to meet the characteristics the Company was seeking to support the near to mid-term needs and business strategy of the Company. The new nominees are: Jonathan Cherry, a licensed Professional Engineer, has served as president, chief executive officer and director of PolyMet Mining Corp., a Minnesota copper and nickel mining company, since July 2012. Prior to joining PolyMet, Mr. Cherry was with Rio Tinto for 20 years in various positions, including general manager, where he was responsible for permitting and the initial development of the Eagle Mine in Michigan’s Upper Peninsula. Caroline Donally, a Chartered Accountant with over 25 years’ experience, has been Managing Director at Sprott Inc. and Managing Partner at Sprott Resource Streaming and Royalty since October 2020. Prior to that, Ms. Donally spent nine years at Denham Capital where she was responsible for sourcing mining investment opportunities and managing all aspects of a $1 billion mining investment portfolio across North and South America and Africa. Before Denham, Ms. Donally was involved in multiple structured cross-border financings and investments in mining, predominantly acro...