Highfield raises A$13m for Muga

Potash developer Highfield Resources will raise A$13-million in a share placement to institutional, sophisticated and professional investors to fund early work at its Muga project, in Spain.

The ASX-listed company has received firm commitments for the placement of 21.6-million shares, at a price of 62c each. The shares will be placed in a single tranche under the company’s existing placement capacity.

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