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Highfield Resources Ltd Announces AUD 10 Million Placement

Tuesday, 16 Apr 2013 07:21pm EDT 

Highfield Resources Ltd announced that it has agreed to issue 40 million new shares to EMR Capital (EMR) at an equivalent 8.7% premium on total funds raised. The Company will allot 23,755,626 ordinary shares at an average price of AUD 0.216 raising AUD 5,126,688 to EMR (Tranche 1). An additional allotment of 16,244,374 ordinary shares at AUD 0.30 raising AUD 4,873,312 will be subject to shareholder approval (Tranche 2). 

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