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DGAP-News: High Power Exploration receives a significant equity investment

DGAP-News: High Power Exploration Inc. / Key word(s): Miscellaneous
High Power Exploration receives a significant equity investment
20.11.2019 / 10:00
The issuer is solely responsible for the content of this announcement.

London, United Kingdom--(Newsfile Corp. - November 20, 2019) - Eric Finlayson, President of High Power Exploration Inc. ("HPX"), announced today that the Company has closed a US$88 million equity investment from a U.S.-based institutional investor.

The funds received will enable HPX, among other things, to fast-track development of the Nimba iron ore project, located in the Republic of Guinea with a target production of 20 million tonnes per annum of high-grade direct shipping ore with the possibility of further expansion in the future.

Mr. Finlayson said, "This investment underscores not only the high quality of the Nimba project but also the pipeline of world-class projects and opportunities that the HPX management team is working to deliver."

About HPX

HPX is a privately-owned, U.S.-domiciled mineral exploration and development company. For further information, please visit .

Information contact

Evan Young
Phone: +1.416.545.5371

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News Source: Newsfile

20.11.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at

Language: English
Company: High Power Exploration Inc.
Canada
EQS News ID: 917271

 
End of News DGAP News Service

917271  20.11.2019 

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