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
