Highfield Resources completes share purchase plan

Published by Nicholas Woodroof, Editor
World Fertilizer, Thursday, 09 September 2021 12:00

Highfield Resources has announced that the Share Purchase Plan (SPP) that closed on 03 September 2021 successfully raised a total of AUS$3 111 500 before costs.

This follows Highfield’s successful AUS$15 million oversubscribed placement that was announced on 09 August 2021.

In total the company has raised AUS$18.1 million, consisting of AUS$15 million through the placement and AUS$3.1 million through the SPP. The proceeds will be used to fund the purchase of long-lead items and other site infrastructure, including power supply, at the company’s Muga Potash Project.

Highfield Resources CEO, Ignacio Salazar, said: “I would like to thank shareholders for their continued support of the company. With the successful completion of the SPP, Highfield continues to progress the Muga project to construction.”

Read the article online at: https://www.worldfertilizer.com/project-news/09092021/highfield-resources-completes-share-purchase-plan/

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