Highfield Resources Limited (AU:HFR) has released an update.
Highfield Resources Limited has launched a Share Purchase Plan (SPP) allowing eligible Australian and New Zealand shareholders to acquire new shares without transaction costs, aiming to raise up to US$3.0 million. The offer follows a successful institutional placement that raised US$6.0 million, with a further US$5.0 million pending shareholder approval. Shares are priced at A$0.2989, identical to the recent institutional placement, with the SPP set to close on 15 October 2024.
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