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Oil Mining Resources

Highfield raises US$16 million following completion of SPP and Institutional Placements

Highfield Resources Limited ASX.HFR < 1 mins read


Highfield Resources Limited (ASX: HFR) (Highfield or the Company) has successfully raised raised~US$16 million following completion of Share Purchase Plan and Institutional Placements.  

Highfield is focused on becoming a globally significant Potash company, with a pathway now to completing its strategic investment transaction to commence construction for the Muga Potash mine in Spain.

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Under the SPP offer, valid applications totalling ~A$2.06 million (US$1.38 million) were received from eligible shareholders.  The Company also received further commitments from existing institutional investors to subscribe for US$4 million, under the unconditional component of its Institutional Placement (Top-Up Shares), adding to the earlier US$11 million raised.  

Morgan Stanley Australia Securities Limited and DBS Bank Ltd. are acting as joint lead managers to the Institutional Placement.

 

Link to ASX release:  bit.ly/3A1GXAq

 

Media and Investor inquiries:

Elvis Jurcevic
Investor Relations – Australia
+61 408 268 271
ej@highfieldresources.com.au

Olivier Vadillo
Investor Relations – Global
+34 609 811 257
olivier.vadillo@highfieldresources.com.au

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