If you can get through the business-ese, this recent announcement from Orvana Minerals means a new owner, Highland Copper Company, will take over a projected copper mine in the U.P. in a $25 million deal.
Excerpt: Highland Copper Company Inc. (TSX VENTURE:HI) ("Highland" or the "Company") and Orvana Minerals Corp. (TSX:ORV) ("Orvana") have entered into a definitive agreement ("Agreement") whereby Highland will acquire all rights, title and interest in the Copperwood Project ("Copperwood") from Orvana through the acquisition of all of the outstanding shares of Orvana Resources US Corp. (the "Acquisition"). Copperwood is located in the Upper Peninsula of the State of Michigan (USA), approximately 30 kilometers southwest of the White Pine Project.
For the press release in full, go
here.
Source: Junior Mining Network
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