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Hillgrove Resources Ltd Announces Capital Raising

Sunday, 22 Sep 2013 07:19pm EDT 

Hillgrove Resources Ltd announced that it has raised AUD10.8 million via an institutional placement issuing approximately 153.7 million shares, within the Company's 15% placement capacity under ASX Listing Rule 7.1. Wilson HTM was lead manager of the Placement. The funds raised under the Offer will be used to: Provide funds for the finalisation of the tail payment to the previous mining contractor and allow a prudent and clean finalisation of this Settlement; and Restore working capital levels, which the Board and Executive believe to be prudent at the current time. 

Company Quote

-0.01 -2.27%
6:34pm EST