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Highfield Resources completes share purchase plan

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World Fertilizer,

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.”

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Fertilizer project news